Projects have the same function; the acceptance of one the others from consideration. A Capital; eliminates B Independent; does not eliminate C Mutually exclusive; eliminates D Replacement; does not eliminate If a firm has unlimited funds, it is able to accept all independent projects that provide an acceptable return. A. True B. False The IRR rule states that firms should accept any project offering an internal rate of return in excess of its own cost of capital. A. True B. False