15. Assume that you have the following information on project A: (1) it will yield cash flows of $960 per year forever; (ii) the IRR is 16%; (ii) the required rate of return is 11.35%. What is the NPV of this project? a. $8,458.15 b. $2,382.45 c. $2,242.88 d. $2,458.15 e. None of the numbers listed above are within $10 of the correct answer. 16. Which of the following statements is most correct concerning a project with normal cash flows (i.c., a cash outflow in Year 0 followed by cash inflows in all subsequent years)? a. If the NPV of a project is positive then the payback period rule will always accept the project. b. If the NPV of a project is negative, then the profitability index of the project will always be greater than one. c. If the profitability index of a project is greater than one, then the IRR will always be less than the project's cost of capital. d. If the NPV of a project is zero, then the IRR of the project will be equal to the discount rate for the project. e. If the discount rate of a project is zero, then the project will always be accepted