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A project with conventional cash flows has a profitability index equal to 0.9 if r is 12%. As a result of the PI you also
A project with conventional cash flows has a profitability index equal to 0.9 if r is 12%. As a result of the PI you also can be certain that the projects I. IRR < 12%
II. NPV < 0 at r = 12%
III. AAR > 100%
a.I and II only
b.II and III only
c.I, II and III
d.II only
e.I only
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