Question: The decision rule for net present value declares that a project is acceptable if ______. a. it pays back within a specified time period b.

The decision rule for net present value declares that a project is acceptable if ______. a. it pays back within a specified time period b. the rate of return is greater than the firms cost of capital c. the present value of the cash inflows exceeds the initial cash outflow d. all of the statements above are true

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