In evaluating long-term capital budgeting decisions using the discounted cash flow method, the net present value calculation that produces a negative (less than $0) amount is interpreted correctly in only one of the following (choose the correct item):
Select one:
a. A definite signal to invest in the project regardless of other issues
b. A project that does not produce a positive return on investment
c. A project that does not exceed the required rate of return
d. None of the above are correct