In Comparing the Techniques of Net Present Value and Internal

In comparing the techniques of net present value and internal rate of return:
I. The NPV and IRR techniques will generate the same accept-reject decision provided the projects have conventional cash flows.
II. The differences between the underlying assumptions of NPV and IRR can cause them to rank projects differently.

A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements I and II are correct.
D) Neither statement I nor II is correct.

Correct Answer:

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