1. Using what you have learned in the lecture notes and having just analyzed each of the projects using the four key capital budgeting techniques, describe the reinvestment assumptions for each of the methods.
   1. NPV
   2. IRR
   3. Profitability Index (PI)
   4. Payback period

2. How would a change in the required rate of return affect the projects calculated internal rate of return (IRR)? Explain. Would the accept/reject decision change using the IRR analysis method? Explain.

3. Think about changes that happen in a project once it has been accepted and moving forward. Here are 3 potential scenarios. For each, describe what you expect to happen to a project's expected NPV, and WHY that is your expectation.