1(a). When NPV=0, then: Select one:

a. IRR less than 0

b. IRR=required return

c. IRR greater than 0

d. IRR greater than required return

e. IRR=0

1(b). The relationship between NPV of a project and the required rate of return is: Select one:

a. positive

b. random

c. negative

d. determined by the relationship of NPV to IRR

e. none of the answers is correct