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5) Which of the following statement(s) is/are false? I. Projects with nonnormal cash flows can have only one real IRR I. For decision to invest

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5) Which of the following statement(s) is/are false? I. Projects with "nonnormal" cash flows can have only one real IRR I. For decision to invest in a project, the NPV criteria will always lead to the same conclusion as the IRR criteria. Il. The higher the WACC used to calculate the NPV, the lower the calculated NPV will be a. I only b. II only c. II only d. e. All of the above None of the above choices

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