Potentially erroneous project selection can arise if one relies on IRR instead of NPV when: A) The first cash flow is negative and the remaining cash flows are positive. B) Projects are independent of one another. OC) Projects are mutually exclusive. OD) Project cash flows are not conventional. O E) Both (c) and (d). What is the internal rate of return of a project that has an initial cost of $40,000 and produces only one cash flow of $75,000 at the end of year 10, if the discount rate is 15 percent? A) 10.48% B) 15.62% C) 6.48% D) 7.67% G E) 9.50%