QUESTION 5 Which of the following statement is FALSE? When NPV and IRR give conflicting evaluations, we should always rely on IRR since it is the most popular method. As IRR sometimes has multiple rates, using this method may not maximise shareholder's wealth. Payback period method is easy to understand but ignores the time value of money and payments after payback period. If IRR is greater than the required rate of return, we should proceed with the project