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Which of the following is true of internal rate of return ( IRR ) ? A . If it is the lower, it is the

Which of the following is true of internal rate of return (IRR)?
A. If it is the lower, it is the better.
B. It is the discount rate that makes the profitability index 1.
C. If the NPV of a project is positive, its discount rate is higher than IRR.
D. If a project's IRR is higher than its discount rate, the project should be rejected.
E. If a project's IRR becomes higher, its net present value will become smaller.
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