ICE Question $4($a$).$ The term "Net Present Value" is the same as the term "Project Value" and "Net" means the initial cash outflow to undertake the project was subtracted from the "Present Value" of the forecasted future net cash inflows expected to be generated from operating the project which future net cash inflows from operating the project were discounted $($i$.$e$.,$ divided$)$ by the company's cost of capital which is generally the same as the rate of return investors desire and the rate of return for lenders is generally called the interest rate while the rate of return for equity investors is generally called required rate of return.

ICE Answer $4($a$)$ True$/$False