The appropriate rate to be used for evaluating a long-term investment proposal can be re-ferred to as all of the following except:

A.the required rate of return.

B.the discount rate.

C.the cash flow rate.

D.the hurdle rate.

E.None of the answer choices is correct.

Lanyard Company is considering an investment that will generate $600,000 in cash inflows per year for 7 years and has $240,000 of cash outflows for the same period (before income taxes). The cost of the asset is $700,000 and it will be depreciated using straight-line depreciation over the 7 year life. The asset has no salvage value. Lanyards tax rate is 40%. The cost of capital is 18%. What is the annual after-tax cash flow associated with this investment?

A.$176,000

B.$260,000

C.$216,000

D.$256,000

E.None of the answer choices is correct.

Inglewood Inc. would like to purchase a specialized production machine for $3,500,000. The machine is expected to have a life of three years, and a salvage value of $200,000. Annual mainte-nance costs will total $200,000. Annual material savings are predicted to be $900,000. The company's required rate of return is 20 percent. Ignoring the time value of money, what is the net cash inflow or (outflow) resulting from this investment opportunity?

A.$2,300,000

B.$1,200,000

C.($1,200,000)

D.($2,300,000)

E.None of the answer choices is correct.

If a project's net present value is zero, the internal rate of return is:

A.less than the discount rate.
B.equal to the discount rate.
C.greater than the discount rate.
D.cannot be determined without more information.
E.None of the answer choices is correct.