You have the following accurate data about an independent project that has some level of risk, requires cash outflow at time 0 , and provides positive annual cash inflows of various amounts for the remaining years of its life. The discount rate is positive. IRR =11.4%; Profitability Index =1.03;NPV=$437; Regular Payback Period =3.1 years Please state whether each statement is true or false and briefly explain your answer. A statement is considered true when it is unambiguously correct; otherwise, the statement is false. a) The project has only one IRR. b) The discount rate is less than 11.5%. c) The discounted payback period is longer than 2.5 years. d) If the discount rate were equal to 11.4%, the profitability index would certainly equal 1 . e) The initial investment in this project (i.e. the cash outflow at time zero) is greater than $10,000