Question $15$

$5$ pts

Which of the following statements does the best job of explaining why IRR is useful as a financial metric?

IRR is a useful financial metric because IRR is a percentage that can be directly compared to other return percentages.

IRR is a useful financial metric because every project has a unique value for IRR, whereas other popular metrics typically do not have unique values for a project.

IRR is a useful financial metric because unlike NPV$,$ it properly allows for capital expenditures in a project.

$$ IRR is a useful financial metric because it is in dollars, and it can therefore be directly compared to other dollar figures like revenues.