Please answer the following.

First blank "(IRR) methods..." (never / always / sometimes)

2nd blank "reinvested at the..." (internal rate of return / modified internal rate of return / required rate of return)

3rd blank "reinvested is the..." (modified rate of return / internal rate of return / required rate of return)

4th blank "exclusive projects, the..." (IRR method / NPV method)

If correct, I will make sure to thumbs up. Thank you!

6. Understanding the NPV profile Aa Aa If mutually exclusive projects with normal cash flows are being analyzed, the net present value (NPV) and internal rate of return (IRR) methods agree. Projects W and X are mutually exclusive projects. Their cash flows and NPV profiles are shown as follows. Year Project W Project X NPV (Dollars 0 800 -$1,000$1,500 $350 $500 $600 $750 $200 $350 $400 $600 600 Project X 4 400 Project W 200 If the weighted average cost of capital (WACC) for each project is 6%, do the NPV and IRR methods agree or conflict? O The methods agree. O The methods conflict. 200 0 2 4 6 8 10 12 14 16 18 20 COST OF CAPITAL (Percent) When there is a conflict, a key to resolving this it is the assumed reinvestment rate. The NPV calculation implicitly assumes that intermediate cash flows are reinvested at the reinvested is the , and the IRR calculation assumes that the rate at which cash flows can be As a result, when evaluating mutually exclusive projects, the is usually the better decision criterion