a project has a net present value equal to zero, then: I

a project has a net present value equal to zero, then:

I. the present value of the cash inflows exceeds the initial cost of the project.

II. the project produces a rate of return that just equals the rate required to accept the project.

III. the project is expected to produce only the minimally required cash inflows.

IV. any delay in receiving the projected cash inflows will cause the project to have a negative net present value. 

A. II and III only

B. II and IV only

C. I, II, and IV only

D. II, III, and IV only

E. I, II, and III only