The internal rate of return $($IRR$)$ is often preferred by managers over the net present value $($NPV$)$ because the IRR:

A$)$ Is more reliable given unconventional cash flows.

B$)$ Is the discount rate that maximizes net profits.

C$)$ Is contingent upon the current market rates of return.

D$)$ Reveals the discount rate that maximizes the net present value.

E$)$ Is expressed as a rate while the NPV is expressed in dollar terms.