2. The IRR can give a different accept/reject decision than the NPV when

projects are mutually exclusive.

projects have nonconvential cash flows.

none of the above.

both a) and b)

1. When deciding between mutually exclusive projects, we should accept

the project with the highest NPV.

the project with the highest IRR.

all projects with a postive NPV.

all projects with an IRR greater than the required return.