If Morgan's new project has been operating at its cash break-even level of output and is now expected to continue at that level over its lifetime. Given this, we know that Morgan's project: A) will have annual positive net income that equals to depreciation B) has a zero net present value. C) is operating at a higher level than if it were operating at its accounting break-even level. D) is operating at a lower level than if it were operating at its financial break-even level. E) is lowering the total cash flow of the firm.