Under What Conditions Can a Rate-Based Statistic Yield a Different

Multiple Choice

Under what conditions can a rate-based statistic yield a different accept/reject decision than NPV?

A) Independent projects that are evaluated at a high cost of capital.
B) Mutually exclusive projects that are evaluated at a low cost of capital.
C) Any projects that exhibit differences in scale or timing.
D) Mutually exclusive projects that exhibit differences in scale or timing.