(Please write out correct answer and whether it's A,B,C or D).

Renaissance Capital Group uses capital rationing to help it determine which capital projects to invest in. Which investment is least likely to be funded? an investment with a cash payback period shorter than the required standard, with an internal rate of return lower than the required percent. an investment with a cash payback period shorter than the required standard, with an internal rate of return higher than the required percent with important qualitative characteristics. O an investment with a cash payback period shorter than the required standard, with an internal rate of return higher than the required percent. O an investment with a cash payback period longer than the required standard, with an internal rate of return lower than the required percent