The Internal Rate of Return

Multiple Choice

The internal rate of return

A) is more reliable as a decision making tool than net present value when considering mutually exclusive projects.
B) is the discount rate that makes the net present value of a project equal to one.
C) is easier to apply than net present value when cash flows are unconventional.
D) will provide the same accept/reject decision as NPV when cash flows are conventional and projects are independent.
E) is influenced by daily changes in the market rate of interest.