Spring Company has invested $20,000 in a project. Spring's discount rate is 12% and the project profitability index on the project is zero. Which of the following statements would be true? I. The net present value of the project is $20,000. II. The project's internal rate of return is equal to 12%. a. Only I. b. Only II. c. Both I and II. d. Neither I nor II. Please explain your answer.