11) If a real interest rate, which does not include an inflation component, is used by a company as its minimum required rate of return in a net present value analysis, the _ 6.66 Points expected cash flows from depreciation must be adjusted for inflation in order for the analysis to be consistent expected tax savings from operations must not be adjusted for inflation in order for the analysis to be consistent project will automatically be unacceptable expected cash flows from operations must be adjusted for inflation in order for the analysis to be consistent 12) The purposes of a post audit do not include_ 6.66 Points O providing information for improving prior predictions of cash flows seeing that investment decisions are proceeding on time comparing actual cash flows with predicted cash flows evaluating the continuation of the project 13) The payback model and the accounting rate-of-return model are 6.66 Points alternative models that may be used in making capital- budgeting decisions that ignore the time value of money impossible to apply, and therefore are never used two excellent DCF models never used because they are just too simple 14) Which of these cash flows happens over a period of time? 6.66 Points disposal value operating cash flows initial cash inflows none of the above