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Mares Answer this question based on the following three statements: 1. Even if the profitability index of a project is greater than zero, it may

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Mares Answer this question based on the following three statements: 1. Even if the profitability index of a project is greater than zero, it may still have a a negative NPV. 2. Cash flows with different risk profiles would likely have different discount rates 3. The IRR and NPV may yield the same conclusion about a project except when the project is short term. a. Only 2 and 3 are correct. Ob. Only 1 and 2 are correct. O c. All statements are NOT correct. d. All statements are correct. e. Only 1 and 3 are correct

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