An investment has conventional cash flows and a profitabilityindex of 1.0. Given

An investment has conventional cash flows and a profitabilityindex of 1.0. Given this which one of the following must betrue?-The internal rate of return exceeds the required rate ofreturn.-The investment never pays back.-The net present value is equal to zero.-The average accounting return is 1.0.-The net present value is greater than 1.0.