Which of the following statements is true of a project that has a positive net present value at a 12% required rate of return? a. The internal rate of return is less than 12%. b. The internal rate of...

Which of the following statements is true of a project that has a positive net present value at a 12% required rate of return?

a. The internal rate of return is less than 12%.

b. The internal rate of return is greater than 12%.