What does it imply if a project's expected Net Present Value (NPV) is negative?
a. The project is expected to generate a return that exceeds the initial investment and is therefore profitable
b. The project's expected cash inflows, discounted to their present value, are less than the initial investment, indicating a potential loss
c. The project's cash flows are expected to be exactly equal to the initial investment, resulting in no net gain or loss
d. The project is expected to have no impact on the overall financial performance of the organization