The internal rate of return is unreliable as an indicator of whether or not an investment should be accepted given which one of the following?
a.
one of the time periods within the investment period has a cash flow equal to zero
b.
the initial cash flow is negative
c.
the investment has cash inflows that occur after the required payback period
d.
the investment is mutually exclusive with another investment under consideration
e.
the cash flows are conventional

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)