Southern Beef Exporters is considering a project that has an NPV of $49,210, an IRR of 14 percent, and a payback period of 6 years. The required return is 9 percent and he required payback period (i.e. the cutoff payback period) is 3 years. Which one of the following statements correctly applies to this project? The payback rule will automatically be ignored since both the net present value and the internal rate of return indicate an accept decision Southern Beef Exporter should reject the project because the project's IRR is larger than the required rate of return. Southern Beef Exporter should reject the project because its PB period is larger than the required PB. Southern Beef Exporter should accept the project because its NPV is positive