All Else Equal, an Increase in Fixed Costs

Multiple Choice

All else equal, an increase in fixed costs
I.increases the break-even point based on NPV;
II.increases the accounting break-even point;
III.decreases the break-even point based on NPV;
IV.decreases the accounting break-even point

A) I and IV only
B) III and IV only
C) II and III only
D) I and II only