4. (.5pt) If the IRR of the project is less than the cost of capital, the NPV of the project is ____________.

a. equal to zero, b. greater than zero c. less than zero

3. (.5pt) In evaluating projects, when will the IRR and NPV give a conflicting accept/reject decision? ________________________________________________________________________________

In the case of conflicting accept/reject decision, which method should you use, IRR or NPV?_________________