Which one of the following statements related to the internal rate of return (IRR) is correct?

A:The average accounting return is a better method of analysis than the IRR from a financial point of view.

B:Financing type projects should be accepted if the IRR exceeds the required return.

C:A project with an IRR equal to the required return would reduce the value of a firm if accepted.

D:The IRR is equal to the required return when the net present value is equal to zero.

E:The IRR yields the same accept and reject decisions as the net present value method given mutually exclusive projects.