Question 10 (1 point) Which of the following is not true about IRR and NPV? 1) They provide the same accept or reject decisions for independent projects. 2) The timing of cash flows impacts both IRR and NPV. 3) IRR assumes cash flows are reinvested at the firm's IRR, whereas, NPV assumes cash flows are reinvested at the firm's WACC. 4) A large cash outflow hurts NPV more than it does IRR