Which Statement About Multiple IRRs Is True

Multiple Choice

Which statement about multiple IRRs is true?

A) For a project to have more than one IRR, both IRRs must be greater than the WACC.
B) If two projects are mutually exclusive, then they are likely to have multiple IRRs.
C) If a project is independent, then it cannot have multiple IRRs.
D) Multiple IRRs can occur only if the signs of the cash flows change more than once.