Which of the Following Statements Best Describes Normal Cash Flows

Multiple Choice

Which of the following statements best describes normal cash flows?

A) Projects with "normal" cash flows can have only one real IRR.
B) Projects with "normal" cash flows can have two or more real IRRs.
C) The "multiple IRR problem" can arise if a project's cash flows are "normal."
D) Projects with "non-normal" cash flows are almost never encountered in the real world.