Which of the following statements are correct? (Select the correct answer from those listed below the following statements). (1) Accept the project if the NPl / is gt 0 (2) IRR is when NPV is zero (3) Accept the project if the NPV=0 (4) NPV does not consider the time value of money

## Step 1: Analysis of the given statements:1. **"Accept the project if the NPV is "**: Net Present Value (NPV) represents the profitability of a project. When the NPV of a project is greater than zero, it denotes a profitable endeavor, implying it's worthwhile to invest. Hence, this statement is correct.2. **"IRR is when NPV is zero"**: This statement refers to the Internal Rate of Return (IRR), the discount rate at which the NPV of future cash flows for a project equals zero, signifying the project has broken even. Therefore, this statement is accurate.3. **"Accept the project if the NPV "**: When the NPV of a project is zero, the project merely breaks even without generating any profit or incurring any loss. It is not universally accurate to accept projects yielding an NPV of zero, because it denotes no benefits beyond recovering initial investment.4. **"NPV does not consider the time value of money"**: This is a false statement. Indeed, Net Present Value entails inherent importance given to 'time value of money'. It discounts future receivables considering interest forgone in future years, acknowledging the early money is worth more than the same amount received later.