Which of the following statements is CORRECT? When two projects are independent, accepting one project implicitly eliminates the other. The IRR is the discount rate that makes the NPV greater than zero. O If a project has conventional cash flows and its IRR exceeds its cost of capital, then the project's NPV must be positive. O With conventional cash flows, the IRR method can yield multiple answers 1. Taggart Inc. is considering a project that has the following cash flow data. The company's cost of capital is 8%. Year 0 1 2 3 Cash flows -$1,150 $500 $500 $500 Should the project be accepted if the company wishes to recover all costs in 2.5 years? Use payback method to make a recommendation. Yes Not sufficient information to make a recommendation O No