As an investment criterion, IRR Always gives the wrong answer in the case of mutually exclusive projects or unconventional cash flows Always gives the wrong answer in the case of mutually exclusive projects or unconventional cash flows Should be used in cases where NPV and IRR disagree Always gives the same answer as NPV Always gives the correct answer As an investment criterion, IRR Always gives the wrong answer in the case of mutually exclusive projects or unconventional cash flows Always gives the wrong answer in the case of mutually exclusive projects or unconventional cash flows Should be used in cases where NPV and IRR disagree Always gives the same answer as NPV Always gives the correct