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

Group of answer choices

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

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

A project with an IRR equal to the required return would not reduce the value of a firm if accepted.

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

The IRR is less than the required return when the net present value is equal to zero.