Question: Which sentances are false and which are true? When deciding on mutually exclusive projects, project with higher IRR will always be the best project to

Which sentances are false and which are true? When deciding on mutually exclusive projects, project with higher IRR will always be the best project to choose. Decision based on payback can lead to bad decisions because it doesn't consider time value of money. : NPV and IRR will always lead to same accept/reject decisions for independent traditional investment projects.: Cutoff date is in payback/discounted payback rule is determined with careful analysis.

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