Which of the Following Characteristics Relate to the Cash Break-Even

Multiple Choice

Which of the following characteristics relate to the cash break-even point for a given project?
I.The project never pays back.
II.The IRR equals the required rate of return.
III.The NPV is negative and equal to the initial cash outlay.
IV.The operating cash flow is equal to the depreciation expense.

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