Which Statement Regarding Normal Cash Flows Is Correct

Multiple Choice

Which statement regarding normal cash flows is correct?

A) If a project has normal cash flows, then its IRR must be positive.
B) If a project has normal cash flows, then its MIRR must be positive.
C) If a project has normal cash flows, then it will have exactly two real IRRs.
D) If a project has normal cash flows, then it can have only one real IRR, whereas a project with non-normal cash flows might have more than one real IRR.