MicoHard has estimated the NPV of a project at $5 million. Which of the following is NOT true?

Multiple Choice

• If the project is accepted, MicroHard's value should increase by $5 million

• The value of accepting the project is $5 million

• The present value of the cost of the project is $5 million less than the present value of the cash flows generated

• The project must cost less than $5 million for the project to be accepted

• The present value of the project's cash flows is $5 million greater than the present value of the project's cost