The internal rate of return (IRR) is a capital budgeting project's expected return. Which of the following statements about the IRR method is true?

Because of the uncertainty connected with risky cash flows, the realized return will almost surely be different from the IRR.

Decision rule for IRR: undertake the capital budgeting project only if the IRR equals r, the project's cost of capital.

If the cost of capital (required return) equals the IRR (expected return), the NPV is greater than zero.

All of these