age 1: Which of the following statements is not correct? 1 Page 2: I. Multiple IRRs can only occur if the signs of the cash flows change more than once. II. If two projects are mutually exclusive, then they are likely to have multiple IRRs. III. If a project is independent, then it cannot have multiple IRRs. 2 Page 3: A) I and II 3 B) II and III Page 4: C) 4 D) None of them Page 5: 5 E) I Previous Page Next Page Page 9 of 19