Which of the following statements about Net Present Value (NPV) and Internal Rate of Return (IRR) methods are correct? (

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Which of the following statements about Net PresentValue (NPV) and Internal Rate of Return (IRR) methods arecorrect?
(1) An investment with a positive NPV is financiallystable
(2) IRR is a superior method to NPV
(3) The graph of NPV against discount rate has apositive slope for most projects.
(4) NPV is the present value of expected future net cashreceipts less the cost of investment.
A. (1),(2),(3) and (4)
B. (2) and (3) only
C. (1) and (4) only
D. (1) and (3) only