23. Which one of the following indicates a project has a rate of return that exceeds its required return?

23. Which one of the following indicates a project has a rate of return that exceeds its required return? A. a positive NPV b. a payback period that exceeds the required period c. a PI less than 1.0 d. a positive accounting rate of return e. an AAR that is less than the required rate 24. Which one of the following is the preferred method of analyzing a proposed investment? A. payback b. profitability index c. accounting rate of return d. internal rate of return E. net present value 25. Which one of the following ignores the time value of money? A. net present value b. internal rate of return c. discounted cash flow analysis D. payback e. profitability inde 26. Which one of the following statements related to the internal rate of return (IRR) is correct? A. If the IRR exceeds the required return, the profitability index will be less than 1.0. B. The IRR is a better evaluation tool than the profitability index when two projects are mutually exclusive. C. When the IRR is less than t