Which of the Following Can Cause a Project to Have

Multiple Choice

Which of the following can cause a project to have multiple IRRs?

A) The project has a large initial outlay.
B) A ten-year project has a negative cash flow in the last year of the project's life.
C) A project has negative cash flows in the first three years, but positive cash flows thereafter.
D) Whenever project cash flows are conventional.
E) With mutually exclusive investments.