The NPV of a project is +$1,000. Company management uses a 14% discount rate to derive an NPV and to evaluate capital budgeting proposals. Management also wants projects with payback periods of 5 years or less. Which of the following can be definitely stated based on this limited information? K The project's life is expected to be greater than 5 years. The use of the 14% discount rate results in the present value of the future expected cash flows from the project to be equal to the initial outlay for the project. The project has a significant residual value that pushes it return above the discount rate. The IRR is greater than 14% The project's expected return is greater than its required return