Use the Following Statements to Answer This Question

Use the following statements to answer this question:

A) I and II are correct.
B) I and II are incorrect.
C) I is correct, II is incorrect.
D) I is incorrect, II is correct.
I.The break-even NPV is the same as finding the IRR of the project
II.By assessing the break-even NPV,managers estimate the break-even level of operating cash flows required for the project.