Consider two investment? projects, which both require an upfront investment of $10 ?million, and both of which pay a constant positive amount each year for the next 10 years. Under what conditions can you rank these projects by comparing their? IRRs? ?(Select the best choice? below.)
A. Ranking by IRR will work in this case so long as the? projects' cash flows do not increase from year to year.
B. There are no conditions under which you can use the IRR to rank projects.
C. Ranking by IRR will work in this case so long as the projects have the same risk.
D. Ranking by IRR will work in this case so long as the? projects' cash flows do not decrease from year to year.