You are considering a project with conventional cash flows, an IRR of $13\mathrm{.}63$ per cent, a PI of $1\mathrm{.}04,$ an NPV of $$987$ and a payback period of $2\mathrm{.}98$ years. Which one of the following statements is correct given this information?

The discounted payback period must be greater than $2\mathrm{.}98$ years.

The break$-$even discount rate must be less than $13\mathrm{.}63$ per cent.

The ARR is equal to the IRR$/$PI$.$

The project should be rejected based on its PI value.

The discount rate used in computing the net present value was less than $13\mathrm{.}63$ per cent.