Which of the following is TRUE? According to the IRR rule, you should accept a project if its IRR is greater than its required return. The IRR is best used to rank mutually exclusive projects. The Primary Problem with NPV is that it ignores the Time Value of Money, The discounted payback method corrects the major problem of the payback method by considering cash flows beyond the cutoff point. When other capital budgeting tools disagree as to the acceptability of a project, the average accounting return should determine whether to accept or reject the project