Which one of the following is TRUE?

Group of answer choices

The IRR decision rule states that a project should be accepted if its IRR is positive.

Payback ignores the projects initial cash flow.

The discount rate that causes the net present value of a project to equal zero is called the internal rate of return.

IRR is superior to NPV for choosing between different projects.

The NPV decision rule says to accept an investment if the NPV is negative.