KEY TERMS Define the following terms: a. Capital budgeting; strategic business plan b. Net present value (NPV)

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KEY TERMS Define the following terms:

a. Capital budgeting; strategic business plan

b. Net present value (NPV)

c. Internal rate of return (IRR)

d. NPV profile; crossover rate

e. Mutually exclusive projects; independent projects

f. Nonnormal cash flows; normal cash flows; multiple IRRs g. Modified internal rate of return (MIRR)

h. Payback period; discounted payback AppendixlLO1

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