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Which of the following statements is true of the internal rate of return (IRR) method? a. Using the IRR method could lead to investment decisions

Which of the following statements is true of the internal rate of return (IRR) method?

a. Using the IRR method could lead to investment decisions that increase the expected rate of return.

b. Using the IRR method could lead to investment decisions that result in the shortest payback period.

c. Using the IRR method could lead to investment decisions that decrease the cost of capital invested.

d. Using the IRR method could lead to investment decisions that increase wealth but do not maximize it.

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