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Which of the following statements regarding the internal rate of return (IRR) is not true? Group of answer choices The IRR will exceed the cost

Which of the following statements regarding the internal rate of return (IRR) is not true?

Group of answer choices

The IRR will exceed the cost of capital if the net present value exceeds $0.

The IRR will be less than the cost of capital if the project does not pay back in terms of the discounted payback.

The IRR will exceed the MIRR if the reinvestment rate is less than the IRR.

The IRR will help select among projects that are mutually exclusive as long as the initial investment of the two projects is different.

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