Indicate whether each of the following 7 statements is TRUE or FALSE by writing

(or circling) the word TRUE or FALSE on your answer sheet. Then provide an

explanation for your answer within 8 lines

2. The twin advantages with using the IRR method as opposed to the NPV method for project evaluation is that you don't need to worry about what an appropriate risk- adjusted discount rate might be for the project and you will always get the correct answer to the investment decision