10.) The relationship between IRR and NPV for a series of project cash-flows may be described by which of the following statements?

A. The IRR is the discount rate that will result in an NPV of zero for that series of cash flows

B. The IRR is the preferred decision criteria if there is a conflict between IRR and NPV with respect to the viability of a project.

C. The IRR is the highest discount rate at which the project should be accepted based on the NPV of the cashflows.

D. Statements A, B & C correctly describe the relationship.

E. Only statements A & C correctly describe the relationship.