ne Teuil and proitability index. c. Payback and discounted payback. d. Net present value and discounted payback. e. Discounted payback and profitability index. 9. (5 marks) Which one of the following indicates an accept decision for an independent project with conventional cash flows? a. PI greater than 1.0. b. AAR lower than the required rate. c. NPV equal to the initial cash outflow. d. Required discount rate greater than the IRR. e. Discounted payback period less than the payback period. 10. (5 marks) A project has an initial cash outflow of $39,800 and produces cash inflows of $18,304, S19,516, and $14,280 for years 1 through 3, respectively. What is the NPV at a discount rate of 11 percent? a. $7,675.95 b. -$1,208.19 c. $2,971.13 d. $2,029.09 e. $1,311.16