Which of the following statements is/are CORRECT? a. Projects with "conventional" cash flows can have only one real IRR. b. Projects with "unconventional" cash flows could have two or more real IRR's. c. IRR assumes the cash flows to be reinvested at the IRR rate. d. All of the above are correct. e. Both a and c are correct Which of the following statements is/are INCORRECT? a. b. c. d. e. Payback period considers the time value of money. All else being All else being equal, IRR decreases as the required rate of return increases. Both a and c are incorrect. Both a and b are incorrect. Which of the following statements is/are CORRECT? Payback provides an indicator of a project's liquidity. NPV and IRR always recommend the same project. NPV profile illustrates the positive relationship between a project's NPV and its required rate of return. Positive IRR always leads to a positive NPV. MIRR (Modified IRR) fails to account for cash flows after payback. a. b. c. d. e