48Why is it inappropriate to use IRR (internal rate of return) to assess the situation described in the previous question?

Select one:a. The statement is false it is appropriate to use IRR.b. Without further information it is not possible to determine whether it is appropriate or inappropriate.c. It is inappropriate to use IRR in capital budgeting situations where there is more than one reversal of cash flow.d. It is inappropriate because the most useful way to assess a capital budgeting situation is to use the payback period.