Question 2 1 pts Select all that are true with respect to the IRR rule for making capital investment decisions. | The IRR rule does not distinguish between borrowing and lending One can use the IRR rule for investment decision making without knowing the discount rate The project with the highest IRR does not necessarily create the most value add The IRR rule ignores cash flows that are very far in the future The project with the highest IRR is by definition the project with the most value add The IRR is the discount rate that makes the project's NPV equal to zero Question 3 1 pts Select all that are true with respect to the payback period for making capital investment decisions. The payback period is the amount of time it takes for a project to generate breakeven income The payback period is the amount of time it takes for a project's cumulative cash flows to become zero The payback period ignores all cash flows beyond a specified required payback period The payback period ignores a project's initial investment The payback period ignores the time value of money