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If a company uses a 1 1 . 5 % discount rate with the net present value method, and then does the same analysis, but

If a company uses a 11.5% discount rate with the net present value method, and then does the same analysis, but with a 15.1% discount rate, which of the following is likely to occur?
Both rates will produce the same net present value.
The 11.5% rate will show the project is more profitable than the 15.1% rate.
The 15.1% rate will show the project is more profitable than the 11.5% rate.
The relative profitability of the two studies depends only on the timing of the cash flows, not on the discount rate.
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