Question 9

1 pts

Which of the following statements concerning the IRR is true?

Group of answer choices:

1. The IRR does not take account of the all the project cash flows.

2. The IRR is the sum of the discounted cash flows of a project.

3. The IRR does not take account of the time value of money.

4. The IRR is the discount rate that, when applied to a project's cash flows, gives an NPV of zero.