Which of the following statement is incorrect? If a project is independent and the IRR = the firm's hurdle rate, NPV = 0. The discount rate and NPV are inversely related. If a project is independent and the IRR = the firm's hurdle rate, NPV is less than 0. O IRR method describes projects in terms of the rate of return they earn, which makes it easy to compare them with other investments and the firm's hurdle rate. Most of the answers are correct. Question 7 1 pts (TRUE or FALSE?) Since interest payments are tax deductible, the true cost of the debt is the after tax cost. TRUE FALSE