Select ALL of the foll$$wing statements that are TRUE:

One benefit of the IRR rule is that, in some cases, you can make a capital budgeting decision without knowing the project's cost of capital.

If a project with conventional cash flows has an IRR that is greater than its cost of capital, then the project's NPV must be positive.

If a project with unconventional cash flows has an IRR that is greater thand the company's cost of capital, then the project's NPV must be negative.

If a project with conventional cash flows has a payback period that is less than the project's live, then the project's NPV must be positive.