Which of the Following Statements Is True of the Internal

Which of the following statements is true of the internal rate of return?

A) It is the required rate of return to achieve value maximization.
B) It is the discount rate that equates the present value of the cash outflows (or costs) with the present value of the cash inflows.
C) It is the discount rate at which the net present value of a project is minimum.
D) It is the rate of return at which a project's payback period is shortest.
E) It is the discount rate to be used for a project with multiple cash outflows.