Which of the following statements below describes the IRR decision criterion?

A) The decision critreon is to accept a project if the npv is positive

B) The decision criterion is to reject a project s the IRR exceeds the desired or required return rate

C) the decision criterion is to accept a project if the IRR exceeds the desired or required return rate

D) the decision criterion is to accept a project if the IRR falls below the desired or required return rate

please provide detailed explanations with answer