Given the Following List of Patterns of Expenditure Timing,indicate the Correct

Given the following list of patterns of expenditure timing,indicate the correct ordering of their resulting internal rates of return (IRRs ) from lowest to highest.
I.Typical spending pattern.
II.Spending evenly over cycle.
III.Optimally timed asset purchases.
IV.Optimally timed capital spending.

A) I,II,III,IV.
B) II,I,IV,III.
C) II,I,III,IV.
D) I,II,IV,III.

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