Question: 28. If a project's net present value (NPV) is positive: Its initial investment is recovered on a present value basis prior to the end of

28. If a project's net present value (NPV) is positive:

Its initial investment is recovered on a present value basis prior to the end of the project's useful life.

It must have multiple internal rates of return.

The present value of the project's cash inflows and the present value of its cash outflows are equal when they are discounted at the firm's required rate of return.

Its terminal value is less than the future value of the initial investment in the project.

Its internal rate of return is less than the firm's expected rate of return.

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