Use the Following Two Statements to Answer This Question

Use the following two statements to answer this question:
I.The break-even discount rate is the capital cost of the project.
II.The NPV break-even operating cash flow is the level of annual operating cash flow required for a project to produce an NPV of zero.

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.