Which of the following statements is incorrect? Investments are mutually exclusive if, by making one, another will not be undertaken. Conventional cash flow patterns could lead to conflicting decisions by NPV and IRR. The payback method is not a discounted cash flow technique. Most of the answers are correct except one. There is no economic rationale that links the payback method to stockholder value maximization. Which of the following statements is incorrect? Investments are mutually exclusive if, by making one, another will not be undertaken. Conventional cash flow patterns could lead to conflicting decisions by NPV and IRR. The payback method is not a discounted cash flow technique. Most of the answers are correct except one. There is no economic rationale that links the payback method to stockholder value maximization