Project A and B are mutually exclusive, based on this which of the following statements is incorrect? O Project A and B can not be chosen together. O The selection of Project A means project B can not be chosen O If Project A and B are both profitable then they can be chosen together. All of the above are correct Which of the following statements about the NPV is false: O The NPV is calculated by subtracting the initial investment from the present value of all future cash flows. This method consider the TVM by converting all cash flows to the present value. NPV is measured in percentage and hence does not present the actual cash profit. All of the above are true. Which of the following statements about the Payback method is true: O The payback period is quick, easy to calculate and has an intuitive appeal. O This discounted payback period can be used to account for TVM. O A disadvantage with the payback period is that it ignores cashflows beyond the payback point. O All of the above are true