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Which of the following statements are false? 1. The payback method will always result in decisions that increase firm value. 2. The IRR method may

Which of the following statements are false? 1. The payback method will always result in decisions that increase firm value. 2. The IRR method may result in decisions that decrease firm value. 3. When evaluating mutually exclusive projects the IRR and NPV methods can give conflicting project ranks. 4. The IRR method assumes all cash flows are reinvested at the project's internal rate of return.

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