Based on the profitability index rule, should a project with the following cash flows be accepted if the discount rate is 14 percent? Why or why not? Yes; The PI is 0.80. Yes; The PI is 1.08. No; The PI is 0.96. No; The PI is 0.80.Yes; The PI is 0.96. An investment has the following cash flows and a required return of 13 percent. Based on IRR, should this project be accepted? Why or why not? No; The IRR is less than the required return by about 1.53 percent. Yes; The IRR exceeds the required return by about 1.53 percent. Yes; The IRR is less than the required return by about 0.06 percent. No; The IRR exceeds the required return by about 0.06 percent. Yes; The IRR exceeds the required return by about 0.06 percent