A project has a net present value of zero..1 Which one of the following best describes ?this project (1 ) The project has a zero percent rate of return The project requires no initial cash investment .The project has no cash flows O The summation of all of the project's .cash flows is zero The project's cash inflows equal its .cash outflows in current dollar terms Projects S and L are equally risky, mutually exclusive, and.4 have normalcash flows. Project S has an IRR of 15%, while Project L's IRR is 12%. The twoprojects have the same NPV when the required return is 7%. Which of the following statements is CORRECT?(1 Point) (1 ) If the required return is 10%, project S will have the .higher NPVS If the required return is 6%, Project S will have NPV If the required return is 13%, Project S will have the lower NPV If the required return is 10%, both projects will have a negative NPV