47. In capital budgeting analysis, do you always accept projects with the highest Rositive NPV and IRR? a. Yes, because it is the most scientific and objective way to determine the attractiveness of the project. b. No, other qualitative factors like timing of cash flow, size of the investment outlay and strategic importance of the project play a role too even if the positive NPV or IRR are the highest. c It depends on whether the projects are independent or mutually exclusive. d. Two of the above are correct. e. None of the answers above are correct