Suppose a riskless project requires an initial investment of $10 and will generate a one-time cash inflow of $30 two years later. Assuming a risk-free interest rate of 5%, which of the following statements about the project is NOT true?

- The net present value of the project is positive. - The IRR is greater than 50 percent. - The accounting rate of return on the project is positive. - The payback period is less than 2 years.