1. A firm is evaluating a capital project and calculated its net present value using a target rate of 8%. If the project has a negative net present value, then that means:

A. the project would earn less than 0%

B. the project would earn less than 8%

C. The project would earn more than 0% but less than 8%

D. The project would earn more than 8%

Choose the correct answer (multiple choice)