You are considering a project with the following data: IRR$=8\mathrm{.}7$ percent; $\frac{?}{PI}=\mathrm{.}98$;$NPV=-5303$; Payback period $=2\mathrm{.}44$ years. Which one of the following statements is correct given this information?

A$.$ The discount rate used in computing the net present value must have been less than $8\mathrm{.}7$ percent.

B$.$ The discounted payback period will have to be less than $2\mathrm{.}44$ years.

C$.$ The discount rate used to compute the profitability ratio was equal to the internal rate of return.

D$.$ This project should be accepted based on the profltabitity ratio.

The required rate of return must be greater than $8\mathrm{.}7$ percent.