Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) The incremental IRR need not exist.
B) If a change in the timing of the cash flows does not affect the NPV,then the change in timing will not impact the IRR.
C) Although the incremental IRR rule can provide a reliable method for choosing among projects,it can be difficult to apply correctly.
D) When projects are mutually exclusive,it is not enough to determine which projects have positive NPVs.