If a project has a net present value equal t... if a project has a net present value equal to zero, then present value of the cash inflows exceeds the initial cost of the project. The project is expected to produce only the minimally required cash inflows. Any delay in receiveing the projected cash inflows will cause the project to have a negative net present value. I.II, and IV only I, II, and III only ll and IV only II and III only II, III, and IV only