1. When NPV less than 0, then:
a. IRR=0
b. IRR greater than required return
c. IRR less than 0
d. IRR less than 0
e. IRR less than required return
2. When IRR greater than required return, then.
a. NPV greater than 0
b. NPV less than required return
c. NPV greater than required return
d. NPV=0
e. NPV less than 0