VULTTUIV Consider a 5-year project with an upfront investment (negative cash flow in Year O) followed by positive cash flows in all subsequent years of the project. Which of the following statements about the project's NPV is TRUE? Statement. The NPV of the project will decrease as you increase the discount rate Statement II The NPV of the project will increase as you decrease the discount rate Statement The NPV will decrease if you decrease the cash flow in Year 3 by $50 and increase the cash flow in Year 2 by $50. III Statement I only O Statements I and II only Statement II only Statement III only O Statements I, II, and III QUESTION 6 A stock has a beta of 1.2. If the market risk premium is 9%, and the risk-free return is 2%, what is the stock's required return according to the CAPM? O 11.9% 12.19 11.0% 12.8% 10.4%