Question 3 (1 point) Listen Which of the following statements are not true? 1. The higher the internal rate of return, the more likely the project has a positive net present value. 11. Erosion of existing product lines should be considered when evaluating a potential project II. The value of land already owned should not be considered when evaluating a potential project. iv. The capital a firm already spent on a marketing consultant should not be considered when evaluating a potential project. V. The greater the cash outflows, the more likely the project has a negative net present value, all else the same. a. i and it b. i. ill, and iv c. ill and v d. I and III e. None of the statements are true