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The internal rate of return of a standard project is 9.75%, and the project's requried rate of return is 7.75%. The project has a payback

The internal rate of return of a standard project is 9.75%, and the project's requried rate of return is 7.75%. The project has a payback of exactly 8 years. From these facts, what can we conclude about the NPV of this project?

The NPV = $0
The NPV = $8
The NPV > 7.75%
The NPV < 7.75%
The NPV > $0
The NPV < $0

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