Define each of the following terms:
a. Capital budgeting; regular payback period; discounted payback period
b. Independent projects; mutually exclusive projects
c. DCF techniques; net present value (NPV) method; internal rate of return (IRR) method; profitability index (PI)
d. Modified internal rate of return (MIRR) method
e. NPV profile; crossover rate
f. Nonnormal cash flow projects; normal cash flow projects; multiple IRRs
g. Reinvestment rate assumption
h. Replacement chain; economic life; capital rationing; equivalent annual annuity (EAA)