Question 3 0.6 pts A two-year project requires an initial cost of $50,000, and produces CF, of $35,000 and CF, of $27,000. Using a discount rate of 8%, the profitability index (PI) is N O 1.11 O 0.11 O 5,555,56 O 0.16 Question 2 0.6 pts A project, with conventional cash flows (i.e., negative at t=0, positive afterwards), has an internal rate of return of 15%. Which one of the following statements is correct? The project should be rejected if the required return is 10%. Using a required return of 15%, the net present value (NPV) is 1. Using a required return of 15%, the profitability index (PI) is zero The NPV should be positive if the required return is 10%. A project has the following cash flows: CF0 = -$24,000, CF1 = $8,000, CF2 = $12,000, CF3 = $6,000. This project's proper required return is 10%. Which of the following statements is correct? o It does not have a payback period. It creates a value of 2,302.03 dollars. Its IRR is 4.28%. Its NPV is $2,000