ibits more than one sign change 14. Which of the following statements is false? If the required rate of return on the project is greater than the internal rate of return (IRR) the project should be accepted. b) If a project has a profitability index greater than one the project should be accepted. c) If the net present value (NPV) of a project is positive, the project should be accepted. d) If a project has a payback which is faster than the company requires the project should b accepted. aj 15. A project has a required return of 15 percent and a five-year life. Which of the following inconsistent with the other three? a) The discounted payback is five years. The profitability index (PI) is one. The net present value (NPV) is positive. d) The internal rate of return (IRR) is 15 percent