ABCD Corp. has a project where the Internal Rate of Return (IRR) is 10.05%. Which of the following is true? Assume that the project consists of an initial cash outlay (i.e. investments) that is followed by subsequent inflows. The project will "break even" or have a zero NPV if the interest/discount rate is 9.05%. The project will have a positive NPV if the interest/discount rate is 10.05%. The project will "break even" or have a zero NPV when the discount rate is 10.05%. We need more information than just Internal Rate of Return (IRR) to observe whether the project will be profitable at a given interest/discount rate