A financial analysis for a proposed project shows a time to breakeven of 12 months and a time to payback of two years. The funding requirement is $1M and, at the standard rate of return, the anticipated NPV is $3M, and the calculated IRR is 25%. Yet the proposed project is rejected by the Gating Committee. What other factor could be wrong with the proposed project? Salvage Value is Negative The project is not required strategically O Sunk Cost too great The IRR is greater than the hurdle The risk is too high