true or false

18. The payback method correctly accounts for the time value of money.

17.When considering capital budgeting, an increase in the cost of capital will result in a decrease in a project's IRR, all else equal.

16.When considering capital budgeting projects, an increase in a firms WACC will lead to a higher NPV.

15.A basic rule in capital budgeting is that if a project's NPV exceeds its MIRR, then the project should be accepted.