Which of the following statements related to the internal rate of return (IRR) are correct? I. The IRR method of analysis can produce more than one answer when dealing with non-conventional cash flows. II. The IRR that causes the net present value of the differences between two project's cash flows to equal zero is called the crossover rate. III. The IRR tends to be used more than net present value simply because its results are easier to comprehend. IV. Both the timing and the amount of a project's cash flows affect the value of the project's IRR

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In the discounted cashflow method, the discount rate is used for the following reasons EXCEPTa. it removes the timing differences of cashflows.b. it serves as the required rate of return of the asset being valued.c. it removes the expected riskiness of differing assetsd. it equalizes cash inflows to cash outflows so that the value would equal to the market value.

Which of the following statements is true?   Multiple Choice   When NPV is 0, the IRR is equal to the discount rate.   When NPV is 0, the investment is not making a profit.   In calculating IRR, we make the assumption all cash flows are reinvested at the discount rate.   NPV is a good measure to use when comparing investments of different sizes.