1. If the NPV from a project is positive it must be that the internal rate of return is lower than the discount rate used. the project is not acceptable on a risk adjusted basis. this project is preferred to any other mutually exclusive project. accepting the project increases the value of the firm. 5 Question 9 (2 points) 1. Which of the following is not a rationale for using the NPV method in capital budgeting? An NPV of zero signifies that the project's cash flows are just sufficient to repay the invested capital and to provide the required rate of return on that capital. A project whose NPV is positive will increase the value of the firm if that project is accepted. A project is considered acceptable if it has a positive NPV