All of the Following Are True About the NPV and the IRR

Multiple Choice

All of the following are true about the NPV and the IRR hurdle investment decision rules, except:

A) If the NPV and the IRR give a different decision recommendation, the IRR is more correct.
B) In most typical real estate circumstances the IRR hurdle rule will give the same investment recommendation as the NPV rule.
C) In comparing two mutually exclusive investments of different scale, the IRR rule can be misleading while the NPV rule will lead to a correct wealth-maximizing decision.
D) The IRR sometimes is indeterminate, whereas a unique NPV can always be calculated.