Statement I: In general, the NPV and IRR methods lead to the same acceptance or rejection decision when a single project is involved. Statement II: The inconsistency in ranking of competing projects as per the NPV and IRR methods lies in the implicit assumptions with regard to different rates of returns on reinvestment of intermediate cash flows. Code:

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Statement I: In general, the NPV and IRR methods lead to the same acceptance or rejection decision when a single project is involved. <br /> Statement II: The inconsistency in ranking of competing projects as per the NPV and IRR methods lies in the implicit assumptions with regard to different rates of returns on reinvestment of intermediate cash flows.<br /> <em>Code:</em>