When the present value of the cash inflows exceeds the initial cost of a project, then which of the following about the project is correct: I. accept the project since the profitability index is greater than 1. II. reject the project since the payback period is less than the required time period. III. accept the project the internal rate of return is greater than the required rate of return. IV. accept the project because the net present value is zero. A. I and III B. II and IV C. I and II O D. I, II and IV