Yoe point out to I. You point out to I.M. Boss, your CEO, that in NPV analysis, project is likely to be rated positively it.... (a) the cumulative discounted net cash flow is positive and substantial, (b) the payback period is reasonable, compared to the project life, and (c)...... the cost of capital is tero the cost of capital is much lower than the Internal rate of Return the cost of capital is much greater than the Internal Rate of naturn the cost of capital is much greater than Discount nato the cost of capital in much lower than the Discount rate