If the accounting break-even of a quantity sold = 10,000, the economic break-even of quantity sold = 12,000 and you sell 11,000 units, then the project has a:

I. positive NPV

II. negative NPV

III. positive unlevered net income

IV. negative unlevered net income

(Pick correct answer below)

A. I and II

B. II and IV

C. I and IV

D. II and III