If the NPV for a Project Is Positive It Must

Multiple Choice

If the NPV for a project is positive it must be that

A) the discounted payback period is longer than the useful life of the project.
B) the internal rate of return is lower than the discount used.
C) the project is not acceptable on a risk adjusted basis.
D) this project is preferred to any other mutually exclusive project.
E) accepting the project increases the value of the firm.