Which of the Following Statements Concerning the IRR Is True

Multiple Choice

Which of the following statements concerning the IRR is true?

A) The IRR does not take account of the time value of money.
B) The IRR does not take account of the all the project cash flows.
C) The IRR is the sum of the discounted cash flows of a project.
D) The IRR is the discount rate that, when applied to a project's cash flows, gives an NPV of zero.