Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) If a project has a profitability index greater than one the project should be accepted.
B) If a firm's target average accounting return is less than that calculated for a given project then the project should be accepted.
C) If the cost of capital is greater than the IRR, the project should be accepted.
D) If a project has a payback which is faster than the company requires the project should be accepted.
E) If the NPV of a project is positive, it should be accepted.