Show/ explain work, please; answer only if you are sure.

Question: The disadvantages of the IRR period method is that it

(Group of answer choices; select all below that apply)

a. Adjusts for TVM and therefore risk (in comparing to hurdle rate that adjusts for risk)

b. Does not require a discount rate (for calculation)

c. Requires complex calculations

d. Requires a lot of data (estimates of all CFs)

e. Only works for normal cash flows