Which of the following statements is most accurate regarding the net present value (NPV) and internal rate of return (IRR) capital budgeting methods? *

A. NPV assumes that cash flows can be reinvested at the projects IRR.

B. IRR assumes the cash flows are reinvested at the projects cost of capital.

C. NPV assumes the cash flows can be reinvested at the projects cost of capital.

D. None of the above.