Question: 12. A normal project which has a NPV greater than zero will also: I. Have a payback period less than its life. II. Have an


12. A normal project which has a NPV greater than zero will also: I. Have a payback period less than its life. II. Have an IR greater than the required return. III. Have a protability index (PI) greater than one. A) I and III only B) II and III only C) I, II, and 111 D) II only E) None of the above
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