which of the following situations can lead to irr giving a different decision than npv
a. Different cash flow timing: If the cash flows are spread out differently over time, irr and npv may give different results.
b. Varying reinvestment rates: If the project's cash flows are reinvested at a rate different from the irr, the npv and irr may differ.
c. Multiple IRRs: If a project has multiple changes in the sign of its cash flows, it can lead to multiple internal rates of return, causing the irr and npv to give different decisions.
d. Non-conventional cash flows: If the project has non-standard, non-conventional cash flows, such as multiple investment outlays or irregular inflows, it can lead to a difference between irr and npv.