Which one of the following statements is correct? If the accounting rate of return exceeds the required discount rate, the project should be rejected. B A profitability index that is greater than 1.0 indicates that a project should be accepted. When the internal rate of return is less than the required rate, the project should be accepted. A positive net present value indicates that a project should be rejected. A payback period less than the IRR indicates that a project should be accepted