Which of the following statements is true? Multiple Choice

A. A lower profitability index is preferable to a higher profitability index.

B. The simple rate of return will always be lower than or equal to the internal rate of return for a given project.

C. If a project has a positive net present value, its internal rate of return is lower than the discount rate.

D. A higher payback period is preferable to a lower payback period.