Which statement is most consistent with the Net present value (NPV) and Internal rate of return concepts?

Select one:

a. II & III are correct

b. I. The NPV for a project is the financing rate at which the projects IRR is zero.

c. I, II & III are correct

d. II. The NPV for a project is the amount of capitalized economic profit that a project creates.

e. III. When the projects actual financing rate is less than the IRR then the NPV is positive