ABC Broadcasting Company is comprised Of two divisions: operations in 2016 for each division and the total corporation follows: Music and News. A summary Of expected Music News Sa Ies Expenses Average assets 700,000 800,000 $1,200,000 900,000 1,000,000 2,000,000 Total $2,000,000 1,600,000 3,000,000 A new project has just been identified that could be purchased and put in place by 2017. The required investment in assets is $500,000 and it would generate net income Of $70,000 in 2017. This project is an investment that is available to managers Of either the Music or News Division. 17. Refer to ABC Broadcasting. Who would be in favor Of investing in the new project assuming that the divisions are organized as investment centers and their performance is evaluated on the basis Of return on Investment? Music Manager a. yes b. no c. yes d. no News Manager yes yes 18. The net present value method takes into account: b. d. Cash Flow Over Life of Project Yes Yes No No Time Value of Money Yes No Yes No