Which of the Following Statements Is MOST Correct

Multiple Choice

Which of the following statements is MOST correct?

A) If a project's internal rate of return (IRR) exceeds the required return, then the project's net present value (NPV) must be negative.
B) If Project A has a higher IRR than Project B, then Project A must also have a higher NPV.
C) The IRR calculation implicitly assumes that all cash flows are reinvested at a rate of return equal to the IRR.
D) A project with a NPV = 0 is not acceptable.