Question 21 12.5 pts Which of the following statements is most CORRECT? A project should be accepted when its Profitability Index (Pl) is greater than 0. If a project has normal cash flows and its IRR exceeds its WACC, then the project's NPV must be positive. The regular payback ignores cash flows beyond the payback period, but the discounted payback method overcomes this problem. One advantage of the NPV over the IRR method is that NPV takes account of cash flows over a project's full life whereas IRR does not