If an independent, project with conventional, or normal, cush fows is being analyzed. the net present value (Wpy) and internal rate of tefurn (IRR) methods agree. Projects W and x are mutuatily exclusive projects. Their cash flows and Npv nrohles are shown as follows. If the weighted average cost of capital (WACC) for each project is 18%, do the NPV and laR methods agree or conflict? The methods agree. The rothods confict When there is a confict, a key to resolving thas it is the assumed reinvestment rate. The NoV caloulation implicity assumes that intermediate cash nows are reitrested at the , and the the cafculation assumes that the rate at which cash flows can he reinvested is then As a rewith, when evaluating matually exclusiven grojects, the is usually the better decision criterion