All of the Following Are Sufficient Indications to Accept a Project

Multiple Choice

All of the following are sufficient indications to accept a project except (assume that there is no capital rationing constraint,and no consideration is given to payback as a decision tool) :

A) The net present value of an independent project is positive.
B) The profitability index of an independent project exceeds one.
C) The IRR of a mutually exclusive project exceeds the required rate of return.
D) The NPV of a mutually exclusive project is positive and exceeds that of all other projects.