Without using formulas, provide a definition of net present value (NPV). Multiple Choice A project analysis tool that measures the acceptability of a project through the difference between a project's initial investment and whether the present value of its cash flow will repay the investment. A project analysis tool that measures the acceptability of a project by determining the amount of profit that can be expected based on an investment made. A project analysis tool that measures the acceptability of a project by determining the length of time required for an investment's discounted cash flows to equal its initial cost. A project analysis tool that determines the amount of time required for an investment to generate cash flows to recover its initial cost. A ranking method used to assess projects. Pl greater than 1 signify positive NPV projects, while Pl less than 1 signify negative NPV projects