The internal rate of return on a project is 11.24% Choose the TRUE statements if the project has a required rate of return of 9.5% (Cash flows are conventional)

1) Both NPV>0 and IRR>RRR

2)IRR?RRR

3) NPV>0

4) IRR>RRR but there is not enough information to determine if NPV >0 or NPV <0

Which are true?