Multiple-Choice Choose the best answer by circling one letter. Each correct answer is worth_ _points) 11. Which of the following considers the time value of money? a annual rate of return method. b. return on stockholders' equity method. c cash payback technique. d internal rate of return method. 12. A project with a zero net present value indicates that it is a unacceptable. b. profitable. C acceptable. d going to have an acceptable cash payback period. 13. Which tables is used for an investment with uneven annual cash flows? a future value of 1 table. b. future value of annuity table. c present value of 1 table. d present value of annuity table. 14. A capital budgeting tool that uses discounted cash flows is the a net present value method. b. cash payback technique. cannual rate of return method. d profitability index method. 15. The capital budget for the year is approved by a company's a board of directors. b. capital budgeting committee. C officers. d Stockholders