A project has generated no IRR and a negative NPV.

A)The absence of IRR must be an error

B) The negative NPV (deny the project) and absence of IRR (approve the project) are making the decision impossible to take

C) The negative NPV suggests you should not launch the project, ignoring the absence of IRR

D) Both the negative NPV and absence of IRR suggest you should not launch the project

I am thinking of Option C, Since NPV is a more accurate indicator over IRR in terms of whether a company should undertake or launch a project for this scenario since NPV is negative it is a strong sign that the company should not launch the project and even if IRR is absent it would not have much influence on the decision making process

Let me know if I am correct or incorrect in my analysis of this scenario?

Thanks!