23 24 2 points An annuity can be defined as a(n)? Uneven pattern of cash outflows. Identical (equal) set of cash flows that occur in regular intervals. The salvage value payment at the end of an asset's useful life. A graduated payment increase over an asset's useful life. 2 points Which of the following best defines the Internal Rate of Return (IRR) for a project? The rate required to achieve a positive NPV. The IRR represents the time-adjusted (real) rate of return for an investment project. The rate required to achieve a negative NPV. The IRR represents the time-adjusted (real) rate of return for an investment project. The rate required to achieve a zero NPV. The IRR represents the time-adjusted (real) rate of return for an investment project. None of the listed answers are correct.