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McK Inc. has a project with the following cash flows: Year Cash Flow $20,000 -6,000 23,000 The required rate of return is 5%. Which of the following statement on decision rules is incorrect? O A. NPV decision rule can be safely used to evaluate the project. B. IRR decision rule can be safely used to evaluate the project. OC. Profitability index decision rule can be safely used to evaluate the project. D. Modified IRR decision rule can be safely used to evaluate the project. Kate is a CEO for KKL Consulting Co. She is now assisting her client to compare two projects below. The required rate of return for either of the two projects is 10 percent. What is the range of lo such that Project II is financially better than Project I? Year Project 1 Project II 0 $1,200 Flo Yo + 150 Yo + 500 1,000 11,200 3 1,100 1,500 O A.lo> $1854 O B.10 > $0 O C. 10