24&25

If a project with conventional cash flows has an IRR more than the required return, then: The NPV is positive O The NPV is negative. The NPV is zero. A six-year project costs $300 and has cash flows of $50 for the first three years and $75 in each of the project's last three years. What is the payback period of the project? O 6 years O 4 years O 4.5 years o 5 years O 5.5 years