Felix Inc has a prospective project with an IRR of 7.50%. Its cost of preferred equity, cost of common equity, and post-tax cost of debt are 7%, 9%, and 4%, respectively, and Sparta raises equal amounts of funding from all these three sources. Choose the best statement: The projects NPV must be negative. The projects required rate of return must be greater than 7.50%. The projects NPV must be positive. There is insufficient information to assess either the required rate or the NPV of the project. The projects net present value (NPV) must be $0.