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Which of the following statements about the IRR rule is true? Select all that apply. I. The IRR is the interest rate at which the

Which of the following statements about the IRR rule is true? Select all that apply.

I.

The IRR is the interest rate at which the NPV of the project is exactly 0.

II.

The IRR is always equal to the rate of return on an investment.

III.

The IRR does not always equal the rate of return on an investment, but it provides an estimate for the rate of return on an investment.

IV.

Accepting investment opportunities for which the IRR is greater than the interest rate will always create value.

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