Which of the following statements is true when a project's discounted payback is less than its useful life? The future cash flows that the project is expected to generate are less than the initial cost of the asset. The future value of the cash flows from the resale of the asset acquired for the project is expected to exceed the initial cost of the asset. The present value of the future cash flows that the project is expected to generate exceeds the initial cost of the asset. The cost recovery from the project is expected to exceed the maximum cost-recovery time established by the firm. The terminal value of the future cash flows that the project is expected to generate is less than the future value of the initial cost of the asset