5. Which one of the following statements is correct regarding the financial breakeven point of a project? The present value of the cash inflows exceeds the amount of the initial investment. The payback period of the project is equal to the life of the project. The operating cash flow is at a level that produces a net present value of zero. The project never pays back on a discounted basis. The IRR of the project exceeds the required rate of return. WPIDP