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An investment type project has an internal rate of return of 12.3 percent, a net...

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Finance

An investment type project has an internal rate of return of 12.3 percent, a net present value of $798, and a payback period of 3.12 years. Given
which one of the following statements is correct?
Multiple Choice
The required payback period must be greater than 3.12 years.
The discounted payback period will be less than 3.12 years.
This project should be rejected based on the net present value.
The discount rate used in computing the net present value was less than 12.3 percent.
The discount rate used to compute the net present value is equal to the internal rate of return.
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