Which of the following statements is correct regarding the capital budgeting practice? I. If the project has cash flows that change directions more than once over time (i.e. outflow, inflow, outflow....), there may be more than one possible value for internal rate of return (IRR). In this situation, we should rely on the net present value (NPV) rule. II. When NPV is negative, IRR is not always smaller than the required rate of return (the discount rate). III. Incremental cash flows will occur only if the project is accepted and should not be included in a capital budgeting analysis. 0 A. I and II only 0 B. I and III only 0 C. III only 0 D. IA, and Ill 0 E. None of the choice combinations in A, B, C and D are correct