Question: Answer this question based on the following three statements: 1. Even if the profitability index of a project is greater than zero, it may still

 Answer this question based on the following three statements: 1. Even

Answer this question based on the following three statements: 1. Even if the profitability index of a project is greater than zero, it may still have a negative NPV. 2. Cash flows with different risk profiles would likely have different discount rates. 3. The IRR and NPV may yield the same conclusion about a project except when the project is short term. a. All statements are NOT correct. O b. Only 1 and 3 are correct. C. All statements are correct. d. Only 2 and 3 are correct. e. Only 1 and 2 are correct

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