Resolving a ranking conflict

Question

Explain how and why to resolve a “ranking conflict” between the internal rate of return and the net present value.

Answer 1

Every time when a ranking conflict is there between internal rate of return and the net present value, we normally propose that project with the maximum net present value should be chosen. 
It is mainly for the reason that net present value method relates directly with primary financial goal of the firm to increase the firm value.