Which of the following is NOT correct regarding the internal rate of return (IRR) rule when making investment decision:
A.
Take an investment opportunity where its IRR exceeds the opportunity cost of capital
B.
The IRR rule will agree with the Net Present Value (NPV) rule even when positive cash flows precede negative cash flows
C.
The internal rate of return (IRR) is the interest rate that sets the net present value (NPV) of the cash flows equal to zero.
D.
The case of multiple IRRs can lead IRR to give a different decision than NPV.