What should a manager do with a project that has two internal rates of return $($IRRs$)?$

a$.$ Do the project if the higher of the two IRRs exceeds the cost of capital.

b$.$ Do the project if the lower of the two IRRs exceeds the cost of capital.

c$.$ Choose the IRR that looks the most reasonable, and do the project if this chosen IRR is

greater than the cost of capital.

d$.$ Abandon the project, as it involves unconventional cash flows.

e$.$ Do the project if the net present value of the project is greater than zero.