For an investment in the implementation of a new project development process, you are presented with four estimated cash flows, with disbursements ...

For an investment in the implementation of a new project development process, you are presented with four estimated cash flows, with disbursements in year 0 and revenues in the following three years. The profitability index (PI) and the net present value (NPV) are also shown:


a) Cash flow A does not generate profit in the presented configuration;
b) Both cash flows are surplus, but cash flow A can be considered the most attractive;
c) Cash flow B is less profitable and attractive than cash flow A;
d) Both cash flows indicate investments that will be recovered and remunerated with a minimum attractive rate;
e) Cash flow B, although profitable, indicates an internal rate of return lower than the minimum attractive rate.