Which of the following statements is (are) TRUE? Select one or more alternatives: Sales will ultimately decline as a product nears obsolescence or faces increased competition. When sales of a new product displace sales of an existing product, the situation is often referred to as auxiliary sales. Managers sometimes continue to invest in a project that has a negative NPV because they have already invested a large amount in the project and feel that by not continuing it, the prior investment will be wasted. If the cost of capital estimate is more than the IRR, the NPV will be positive