An investment type project has an internal rate of return of $12\mathrm{.}3$ percent, a net present value of $$798,$ and a payback period of $3\mathrm{.}12$ years. Given

which one of the following statements is correct?

Multiple Choice

The required payback period must be greater than $3\mathrm{.}12$ years.

The discounted payback period will be less than $3\mathrm{.}12$ years.

This project should be rejected based on the net present value.

The discount rate used in computing the net present value was less than $12\mathrm{.}3$ percent.

The discount rate used to compute the net present value is equal to the internal rate of return.