You are considering a project with positive yearly operating cash flows and the following characteristics: IRR = 10.5%; NPV = $1000; Payback period = 2.75; Prof. Index = 1.15.
Which of the following statements is correct given this information?
I. The discount rate used in computing the net present value was more than 10.5%.
II. The discounted payback period must be less than 2.75 years.
III. The profitability index was calculated using a discount rate of 10.5%.
IV. This project should be accepted as the internal rate of return exceeds the required return.

		I and II only
		IV only
		I, II, and IV only
		III, and IV only
		I, II, and III only