Which one of the following is correct about NPV and IRR of project (A) and project (B)?
1
NPV (A) + NPV (B) = NPV of (A + B)
2
NPV (A) = NPV (B) ≠ NPV of (A + B)
3
IRR (A) + IRR (B) = IRR of (A + B)
4
IRR (A) × IRR (B) ≠ IRR of (A - B)
NPV (A) + NPV (B) = NPV of (A + B)