You are evaluating a project that requires a lump sum capital expenditure at the very beginning. If the accounting break$-$even of quantity sold $=10,000$ units per year, the economic break$-$even of quantity sold $=12,000$ units per year, and you sell $11,000$ units per year, then the project has a:

positive NPV

II$.$ negative NPV

III. positive unlesed net income

IV$.$ negative unlevered net income

A$.1$ and III

B$.$ II and IV

C$.$ I and IV

D$.$ II and III