If a project with conventional cash flows has a profitability index equal to 1.0, the project:

I. will pay back during the life of the project

II. will have an internal rate of return that equals the project's required rate of return

III. will have a negative net present value

IV. will produce more cash inflows than outflows in today's dollars

	a.	III and IV only
	b.	II and III only
	c.	I, III, and IV only
	d.	I and II only
	e.	I, II, and IV only