Assume a Project Has Normal Cash Flows

Multiple Choice

Assume a project has normal cash flows.According to the accept/reject rules,the project should be accepted if the

A) PI is less than 1.
B) AAR is less than the required AAR.
C) IRR exceeds the required return.
D) payback period is less than the life of the project.
E) discounted payback period is less than the life of the project.