There are four principal decision models for evaluating and selecting Investment projects: Net present value (NPV) Profitability index (PL) Internal rate of return (IRR) Payback period (PB) Which criteria assume that the project's net cash flows (NCFS) are reinvested at the firm's cost of capital? Discounted PB NPV and PI NPV NPV, PI, and discounted PB PB PI Categorize the following statements whether they characterize the TRR, NPV, PB, or Pl decision criteria: Statement IRR NPV If its value is less than the firm's cost of capital, then the project should be rejected The criterion is calculated as PVNCF / NINY Criterion = PUNCF - NINY CO