If the discounted payback period of a project with normal cash-flows (i.e., cash outflows at t=0 followed with series of cash inflows in the subsequent periods) is greater than its

lifespan, then its profitability index is.

a less than one

b.equals one

C.greater than one

d. Profitability index cannot be inferred from the discounted payback period. Hence insufficient information

E.less than zero