Which of the following statements is TRUE?

exams CBAF-001 CBAF-001 exam 0 Comments

Which of the following statements is TRUE?
A . The IRR of every project is based on it achieving a Net Present Value of zero.
B . It is preferable for the calculated IRR of a project to be below bank interest rates.
C . Discounted cash flows do not usually take into account the time value of money.
D . When comparing two projects, the one with the lower NPV should be preferred.

Answer: A