What differentiates the net present value $($NPV$)$ and the internal rate of return $($IRR$)$ methods?

Net present value $($NPV$)$ considers the initial cash investment; internal rate of return $($IRR$)$ examines cash flows after the initial investment.

Net present value $($NPV$)$ yields a percentage; internal rate of return $($IRR$)$ results in a monetary value.

Net present value $($NPV$)$ examines cash flows after the initial investment; internal rate of return $($IRR$)$ considers the initial cash investment.

Net present value $($NPV$)$ results in a monetary value; internal rate of return $($IRR$)$ yields a percentage.