Question: Which statement is not FALSE? Select one: a. The profitability index is always less than 1.0 b. The discounted payback rule calculates the payback period

Which statement is not FALSE?

Select one:

a. The profitability index is always less than 1.0

b. The discounted payback rule calculates the payback period and then discounts the payback period at the opportunity cost of capital

c. A project's internal rate of return depends on its level of risk

d. The profitability index of a positive NPV project is always positive

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