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2. (Multiple Choice: 5 points) For the cash flow profile given below, which of the following statements regarding IRR are true. EOY stands for End

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2. (Multiple Choice: 5 points) For the cash flow profile given below, which of the following statements regarding IRR are true. EOY stands for End of the Year. (Mark all the correct statements to get credits.) EOY CF 0 $25,000 1 $4,500 2 $5,500 3 $6,500 4 $7,500 5 $8,500 6 $10,500 7 $8,500 8 $7,500 9 $6,500 10 $5,500 O There will be at most 3 positive IRRs There will be at least 3 positive IRRs The CF can have a single positive IRR The CF is certain to have more than 1 positive IRR The exact number of positive IRRs will depend on the MARR rate

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