7.21% 12.25% Question 9 1 pts Which statement is MOST correct? The internal rate of return is the discount rate that equates the present value of the project's free cash flows with the project's initial cash outlay. O If Project A has a higher IRR than Project B, then Project A must also have a higher NPV. O If a project's internal rate of return (IRR) exceeds the required return, then the project's net present value (NPV) must be negative. If Project A has a higher IRR than Project B, then Project A must also have a payback period