Which of These Statements About Valuation Models Is NOT Correct

Multiple Choice

Which of these statements about valuation models is NOT correct?

A) NPV employs a weighted average cost of capital discount rate that reflects potential reinvestment.
B) IRR and NPV calculations typically make the same investment recommendations only when the projects are independent of each other.
C) If cash flows are not normal,IRR may arrive at multiple solutions.
D) IRR is a more robust determinant of project viability than NPV.