Sam Appal is considering a project with conventional cash flows and the following characteristics:

Internal rate of return

$11\mathrm{.}63$ percent

Profitability ratio

$1\mathrm{.}04$

Net present value

$$987$

Payback period

$2\mathrm{.}98$ years

Which of the following statements is correct, given this information?

The discount rate for computing the net present value was less than $11\mathrm{.}63$ percent.

II$.$ The NPV must be more than $2\mathrm{.}98$ years.

III. The discount rate used in the computation of the profitability ratio was $11\mathrm{.}63$ percent.

IV$.$ This project should not be accepted as the internal rate of return exceeds the required return.

Select one:

a$.$ I and II only

b$.$ III and IV only

c$.$ I only

d$.$ II$,$ III, and IV only

e$.$ I, II$,$ III, and IV

Clear my choice