A business is considering various investment projects, with each expected to have an initial cash outflow followed by po

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A business is considering various investment projects, with each expected to have an initial cash outflow followed by positive cash inflows over the rest of its life. The operations director has stated that the net present value and internal rate of return methods will, if correctly applied to each individual project, always give projects with the same characteristics:
1. Accept or reject decision for individual projects
2. Priority ranking for those projects that are acceptable
Which of the following combinations (true/false) is correct?

A. Statement 1 = True, Statement 2 = True
B. Statement 1 = True, Statement 2 = False
C. Statement 1 = False, Statement 2 = True
D. Statement 1 = False, Statement 2 = False