Which of the following statements is most CORRECT?

Group of answer choices

One advantage of the NPV over the IRR method is that NPV takes account of cash flows over a projects full life whereas IRR does not.

The regular payback ignores cash flows beyond the payback period, but the discounted payback method overcomes this problem.

A project should be accepted when its Profitability Index (PI) is greater than 0.

If a project has normal cash flows and its IRR exceeds its WACC, then the projects NPV must be positive.