Please select the least accurate statement$/$statements$.$

Question $3$ options:

If cash flows change signs, one may get multiple IRRs for the same project.

None of the above statements is incorrect.

If two projects have a similar IRR, up$-$front capital commitment and the complexity of the projects should be considered.

IRR also ignores reinvestment risk.

IRR used alone also ignores cost of capital.

For projects with shorter period, IRR may mislead managers to undertake a project versus projects have a longer duration but produce steady returns over time.