You point out to I.M. Boss, your CEO, that in NPV analysis, a new project is likely to be rated positively if..... (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 much greater than the % Internal Rate of Return red the % cost of capital is much lower than the % Discount rate wer the % cost of capital is zero the % cost of capital is much lower than the % Internal Rate of Return O the % cost of capital is much greater than % Discount Rate 4