The IRR method: a. fully considers the time value of money b. is more precise than the NPV method for mutually exclusive projects O c. has the most conservative and realistic reinvestment assumption d. never gives conflicting answers The Cucumber Corporation is considering a new inventory system that will cost $750K. The system will generate positive cash flows over the next 4 years in the amounts of $350K in Yr 1, $325K in Yr 2, $150K in Yr 3, and $180K in Yr 4. The required rate of return is 8%. The PAYBACK PERIOD for the project is: 4.00 years 3.09 years O c. 2.91 years O d. 2.50 years a. b