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1.Project A will require an initial cash outlay of $20,000 and will generate cash inflows of $6,000 for year 1, $8,000 for year 2, $10,000 for year 3, and $7,000 for year 4. A suitable discount rate for this project is 11%. What is the net present value for Project A?

Select one:

A.$3,301

B.$4,529

C.$3,821

D.None of the above

2.The reason that cash flows, not accounting income, are used in capital budgeting is because

Select one:

A.accounting income on the firm's financial statement is not accurate.

B.value is determined on the basis of projected cash flows.

C.depreciation will have no effect upon the investment decision.

D.each of these answers is correct.