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Can someone help me with this mc question? thanks Decide which one of the following statements is correct? The profitability index : High than 1.0

Can someone help me with this mc question? thanks

Decide which one of the following statements is correct?

The profitability index :

High than 1.0 when the IRR is higher than the discount rate.

Equals to 1.0 any time the IRR is lower than the discount rate.

Lower than 1.0 any time the discount rate is lower than the IRR.

Greater than 1.0 whenever the net present value is negative.

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