Question: 4 . Unlike using IRR, selecting projects according to their NPV will always lead to a correct acceptreject decision. 5 . The payback period considers

4. Unlike using IRR, selecting projects according to their NPV will always lead to a correct acceptreject decision. 5. The payback period considers all project cash flows. 6. If a project has multiple IRRs, we use the highest IRR when applying the IRR rule for single projects.

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