A Project Has Normal Cash Flows

Multiple Choice

A project has normal cash flows. Its IRR is 15 percent and its cost of capital is 10 percent. Which of the following statements is incorrect?

A) The project has only one negative cash flow.
B) The project's MIRR is less than 15 percent but greater than 10 percent.
C) The project's discounted payback is less than the project's payback.
D) The project's NPV > 0.