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The rankings of mutually exclusive investments determined using the internal rate of return method (IRR) and the net present value method (NPV) may be different when: A. The required rate of return is higher than the IRR of each project. B. The required rate of return equals the IRR of each project. C. Multiple projects have unequal lives and the size of the investment for each project is different. D. The lives of the multiple projects are equal and the size of the required investments are equal. |