Which one of the following indicates an accepted decision for an independent project?

1. Discounted payback period less than the payback period
2. PI greater than 1.0
3. A required discount rate greater than the IRR
4. Payback period that exceeds the requirement

1. The net present value of a project will increase if:

   1. the initial capital requirement decreases.

   2. the required rate of return increases.

   3. some of the cash inflows are deferred until a later year.

   4. the final cash inflow decreases.