单选题
编号：2686172
1. Which of the following statements about NPV and IRR is least accurate?
- A.The IRR is the discount rate that equates the present value of the cash inflows with the present value of outflows.
- B.For mutually exclusive projects,if the NPV method and the IRR method give conflicting rankings,the analyst should use the IRRs to select the project.
- C.The NPV method assumes that cash flows will be reinvested at the cost of capital,while IRR rankings implicitly assume that cash flows are reinvested at the IRR.