If a project with conventional cash flows has a profitability index equal to one, the project: I. will have expected cash inflows that equals the project'sexpected cash outflows.II. will not pay back during its life.III. will produce more cash inflows than outflows in today's dollars. IV. will have a zero net present value. A: II and III only B: I and IV only C: I and II only D: I, II, and IV only E: I, III, and IV only