Question $33(0\mathrm{.}8$ points$)$

If a project with conventional cash flows has a profitability index of $1\mathrm{.}0,$ the project will:

have a negative internal rate of return.

${?}^2$ produce more cash inflows than outflows in today's dollars.

have an internal rate of return that is less than the required return.

have a zero net present value.

never pay back.