Consider the Following Project

Consider the following project:
Which of the following statements is incorrect?

A) The internal rate of return is between 6 percent and 7 percent.
B) The project pays back in terms of the payback period approach.
C) The project has a positive net present value if the project's cost of capital is 6 percent.
D) The profitability index is greater than 1.0 when the project's cost of capital is 5 percent.