The net present value method assumes that cash flows from a project are immediately reinvested at a rate of return equal to the _______. The _______ is the length of time it takes for an investment to recoup its initial cost out of the cash receipts it generates. The basic premise of the _______ is that the more quickly the cost of an investment can be recovered, the more desirable the investment. Investment decisions should take into account the _______ of money because a dollar today is more valuable than a dollar in the future. In the _______ method, future cash flows are discounted to their present value. The _______ equates the present value of the cash inflows and present value of cash outflows, resulting in a zero net present value. The project _______ is computed by dividing the net present value of the project by the required initial investment. The _______ of return is determined by dividing a project's annual incremental net operating income by the initial investment in the project. The _______ is completed in the follow-up after a project has been approved and implemented to determine whether expected results were actually realized. Actual cash outlays for salaries