For which situation is the IRR method most likely to give you the correct

investment recommendation?

A single project where we invest money today and next year and then recieve

positive cash flows starting in year $2$

Comparing two mutually exclusive projects where one project requires a much

bigger initial investment than the other

Comparing two mutually exclusive projects where one project will have a much

shorter duration than the other

A single project where we will invest money today, recieve positive cash flows

in years $1-5,$ and then have a large negative cash flow in year $6$ as we wind

down the project

None of the above