$9.$ Select only the statement that are true:

A$.$ All projects with a positive NPV should always be accepted and implemented if funds are limited$.$

B$.$ None of the other statements$/$options is correct.

C$.$ A project with a positive NPV is economically feasible.

D$.$ A project with an NPV of less than $0$ should be rejected.

$10.$ Select only the statement that are true:

A$.$ The simple payback period does not consider the time value of money.

B$.$ The payback period is an indicator of risk.

C$.$ None of the other statements$/$options is correct.

D$.$ The payback period is the estimated time it will take for the estimated revenues and other economic benefits to recover the initial investment at a stated rate of return.

$11.$ Select only the statement that are true:

A$.$ The IRR of a service project can be calculated.

B$.$ The IRR of a revenue project can be calculated.

C$.$ None of the other statements$/$options is correct.

D$.$ Two service projects that are compared by a decision$-$maker generate the same revenue $($have the same positive income$),$ but their negative cash flows are different.

$12.$ Define the term "Nett Present Value" $($NPV$)$