A project has an internal rate of return of 10.6 percent. Which one of the following statements must be true based on this information?

The project should be accepted if the required return is 11 percent.

The present value of the cash inflows must equal the initial cost of the project at a discount rate of 10.6 percent.

The net present value is positive if the required return is 11.5 percent.

The project should be accepted only at a required return of 10.6 percent.