Which of the Following Statements Is True

Which of the following statements is true?

A) If three investment projects are under consideration, the one with the highest IRR is preferable.
B) If a project has an IRR greater than 0, the NPV of the project will be positive.
C) If a payback analysis and an accounting rate of return analysis both indicate that the larger of two possible investments should be made, but the internal rate of return indicates that the smaller project investment should be made, the smaller project should be chosen.
D) If the cost of capital is less than the IRR, the NPV will always be positive.
E) NPV and IRR approaches always provide the same answer when ranking two or more investment opportunities.