Which of the following statements is correct? The net present value (NPV) technique and internal rate of return (IRR) technique can lead to conflicting accept/reject decisions only when independent projects are being evaluated, A project might generate multiple rates of retum whenever its internal rate of return (IRR) is greater than the firm's required rate of return. The net present value (NPV) technique and internal rate of return (IRR) technique can lead to conflicting investment decisions when mutually exclusive projects are being evaluated. Larger, longer-term projects are favored over smaller, shorter-term alternatives if the required rate of retum is relatively high. The discounted payback period is generally shorter than the traditional payback period