16. You are considering a project with characteristics: shows and the tong 11.53 percent Internal rate of return Profitability ratio Net present value Payback period $987 2.98 years Which of the following statements is correct given this information? 1. The discount rate used in computing the net present value was less than 11.55 percent. II. The discounted payback period must be more than 2.98 years. III. The discount rate used in the computation of the profitability ratio was 11.65 percent IV. This project should be accepted as the internal rate of return exceeds the required return. A. I and II only B. III and IV only C. I, II, and IV only D. II, III, and IV only E. I, II, III, and IV 7. - Static Utility Company anticipates its revenues, and consequently its common stock dividends, will remain flat forever. It currently pays an annual dividend of $20 per year. If it pays the next dividend exactly one year from today, then what is the price of Static's common shares if the required rate of return is 12%? PI P-9 20 a. $24.00 b. $40.00 c. $166.67 d. $200.00