Which of the following statement(s) is correct?Cash flows are conventional when there are no cash inflows prior
to a cash outflow.In terms of shareholder wealth maximization in the context of
mutually exclusive projects, the project with the higher IRR is not
necessarily better than the project with the lower IRR.Financing matters for valuation, but is typically ignored in
determining cash flows in capital budgeting.a. All three are falseb. Only 1. is correctc. All three are correctd. Only 2. is correcte....