Which of the following statements is true for a project with a $20,000 initial cost, cash inflows of $5,800 per year for 6 years, and a discount rate of 15%? Its payback period is 3.45 years. Its NPV is $2,094. III. Its IRR is 17.85%. Its profitability index is 0.104. I and II only II and III only I and IV only I only A firm is considering a project with the following cash flows: Time 0 = +$20,000, Years 1-5 = -$4,500. Should the project be accepted if the cost of capital is 10%