10. Comparison of alternative decision criteria There are four prindipal dedsion models for evaluating and selecting investment projects: . Net present value (NPV) Profitability index (PI) Intemal rate of retum (IRR) .Payback period (PB) which method or methods adjust the project's net cash lows (NCFs) to recognize the effects of the magnitude timing, and riskiness of the project's cash flows? O NPV, IRR, PI, and discounted PB IRR and PI O IRR O NPV and IRR Read the following statements and categorize whether they characterize the IRR, NPV, PB, or PI deision criteria: Statement IRR NPV PB PI then the if its value is less than one, project should be rejected If its value is less than zero, then the project should be rejected The period of time required for the cumulative cash inflows to equal the project's net investment