Question: Question 21 (4 points) [Select all relevant] Assume a project has normal cash flows (i.e., outflows precede inflows). Which of the following is correct? All
Question 21 (4 points) [Select all relevant] Assume a project has normal cash flows (i.e., outflows precede inflows). Which of the following is correct? All else equal, a project's IRR decreases as the cost of capital increases. All else equal, a project's NPV decreases as the cost of capital increases. All else equal, a project's Pl is unaffected a by changes in the cost of capital. All else equal, a project's MIRR is unaffected by changes in the cost of capital. None of these is true.
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