Question 182 NPV, IRR, pay back period
A project's NPV is positive. Select the most correct statement:
(a) The project should be rejected.
(b) The project's IRR is more than its required return.
(c) The project's IRR is less than its required return.
(d) The project's IRR is equal to its required return.
(e) The project will never pay itself off, assuming that the discount rate is positive.