Which one of the following condition is necessary to use equivalent annual annuity when copmaring multiple projects? Projects are mutually exclusive. Replacement chain assumption O Lives of the projects are different. All of the above None of the above. Which one of the following is NOT a potential problem with the IRR approach to capital budgeting? The URR cannot be used to rank mutually exclusive projects There may be multiple IRRs for some projects. IRR does not adequately account for risk. All of the above are projects with IRR. None of the above are problems with IRR