Which of the following is true? A project has a positive NPV if its Profitability Index is greater than 1. Discounted Payback Period is by definition shorter than the Non-Discounted Payback Period as long as the discount rate is greater than zero. a and b None of the above Question 20 What is the Net Present Value of a project that has an initial cash outflow of $37,600 and will generate $11,500 in Year 1,$23,300 in Year 2, $17,000 in Year 3, and $11,600 in Year 4 at the discount rate of 14.6% ? $10.927.53$8,825.25$9,252.35$8,196.91