1. What is the objective of evaluating investments? 2. What criteria must be satisfied for an investment evaluation tech- nique to be ideal? 3. Distinguish between the payback period and the discounted pay- back period. 6. Can the payback period method of evaluating projects identify the ones that will maximize wealth? Explain. 7. Can the discounted payback period method of evaluating projects identify the ones that will maximize wealth? Explain. 8. Consider two projects, AA and BB, that have oject BB is riskier than projects are mutually exclusive, what is your investment decision? 9. Can the net present value method of evaluating projects identify the ones that will maximize wealth? Explain. 10. The decision rules for the net present value and the profitability methods are related. Explain the relationship between these index two sets of decision rules. 12. Suppose you calculate a project's net present value to be $3,000 What does this mean? 13. Suppose you calculate a project's profitability index to be 1.4 What does this mean? 17. The modified internal rate of return is designed to overcome a deficiency in the internal rate of return method. Specifically what problem is the MIRR designed to overcome