If the net present value (NPV) of an investment proposal is positive, it would indicate that the: PV of after-tax cash outflows exceeds the PV of after-tax cash inflows. Internal rate of return (IRR) for this project is greater than the discount rate used in the NPV computation. Payback period is less than one-half the life of the project. PV index would be less than 100%. Internal rate of return (IRR) is equal to the discount percentage used in the NPV calculation