In using the net present value method, only projects with a zero or positive net present value are acceptable because ______.

Select one: a. the return from these projects equals or exceeds the cost of capital b. the company will be able to pay the necessary payments on any loans secured to finance the project c. it results in high payback period d. a positive net present value on a particular project guarantees company profitability

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Budgets are used to ______.

Select one: a. increase the book value of its assets b. communicate with external stakeholders c. calculate the income tax liability d. formulate company strategies

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