Ted, a project manager, wants to invest in a project with an initial cost of $58,500 and cash flows of $32,400 and $38,500 in Years 1 and 2. Rosita, his boss, requires a discount rate of 10 percent and also a return of $1.10 in today's dollars for every $1 invested. Will Ted get his project approved? Why or why not? Multiple Choice Yes; because the NPV is positive Yes; because the Pl is greater than 1 Yes; because both criteria are met. No; because the project does not meet either requirement No; while the project returns more than 10 percent it does meet $1.10 per $1 requirement. Ted, a project manager, wants to invest in a project with an initial cost of $58,500 and cash flows of $32,400 and $38,500 in Years 1 and 2. Rosita, his boss, requires a discount rate of 10 percent and also a return of $1.10 in today's dollars for every $1 invested. Will Ted get his project approved? Why or why not? Multiple Choice Yes; because the NPV is positive Yes; because the Pl is greater than 1 Yes; because both criteria are met. No; because the project does not meet either requirement No; while the project returns more than 10 percent it does meet $1.10 per $1 requirement.