QUESTION 2 A negative NPV project will: 1. Have a discounted payback period less than the project's life. II. Have a sales level exceeding the accounting break-even point. III. Have an IRR less than the required return. IV. Have a profitability index less than one. I and III only III and IV only II and III only I, III, and IV only OI, II, III, and IV

A negative NPV project will: 1. Have a discounted payback period less than the project's life. II. Have a sales level exceeding the accounting break-even point. III. Have an IRR less than the required return. IV. Have a profitability index less than one. I and III only III and IV only II and III only I, III, and IV only I, II, III, and IV