$1.$ Net present value, or NPV$,$ is calculated using the $\_\_\_\_\_$ of the investment and the investment's cash flows in the future.

future value

total cost

type

year

$2.$ A company is considering an investment with an IRR of $10\%.$ The company rate of return required is $8\%.$ The company $\_\_\_\_\_$ the investment.

accepts

holds

declines

sells

$3.$ Financial managers make major decisions concerning $\_\_\_\_\_.$

paint color of the office

employee time off

investments

phone call policies

$4.$ The IRR for an investment is the company$-$required return that results in $\_\_\_\_\_$ NPV when it is used as the discount rate.

$4$

zero

$2$

$5$

$5.$ The internal rate of return method is only one of several different approaches to help managers determine which long$-$term $\_\_\_\_\_$ should be considered.

investments

sales

employees

cuts