Suppose that following an initial investment cost, the cash flows of an investment are expected to remain

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Suppose that following an initial investment cost, the cash flows of an investment are expected to remain positive. Which of the following is most true.

a. If the IRR on the project exceeds the required rate of return, the NPV for the project is greater than zero.

b. If the IRR on the project is positive the NPV will be positive.

c. The IRR is always zero.

d. Statements a and

c, but not Statement b are correct.

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