The decision rule for using the internal rate of return states that when the internal rate of return is greater than then the project should be accepted. oo the cost of capital the IRR 01 none of the above If a project has a net present value equal to 0, then which of the following statements are true? 1. The present value of the cash inflows exceeds the initial cost of the project. 2. The project produces a rate of return that equals the required rate of return. 3. The project will not increase the value of the company. 4. Any delay in receiving the projected cash inflows will cause the project to have a negative net present value. 1,2, and 3 only 1,2, and 4 only 2 and 3 only 2 and 4 only 2, 3, and 4 only