PLEASE ANSWER ONLY IF ABSOLUTELY SURE. The internal rate of return (IRR) for an investment:
On mutually exclusive projects may produce different project rankings than the net present value (NPV) method
Would tend to be reduced if a company used an accelerated method of depreciation for tax purposes rather than the straight-line (SL) method
Frequently results in positive net present value (NPV) on attractive projects
Generally coincides with the company's discount rate
Disregards discounted cash flows