Assume a project has normal cash flows. Given this, you should accept the project

Multiple Choice

a) if the total cash inflows exceed the initial cash outflow.

b) if, and only if, the NPV is exactly equal to zero.

c) if the NPV is positive and reject it if the NPV is negative.

d) only if the NPV is equal to the initial cash flow.

e) because it has positive cash flows for every time period after the initial investment