Problem 1: The IRR and NPV rules always lead to identical decisions if:
a. The project's cash flows are conventional.
b. The projects are mutually exclusive.
c. The projects are independent.
d. Both (a) and (b).
e. Both (a) and (c).
Problem 2: One investment opportunity should be rejected if its NPV is ________ and its IRR is ________.
a. Positive; Positive.
b. Positive; Greater than the required return.
c. Negative; Negative.
d. Negative; Smaller than the required return.
e. Negative; Greater than the required return.