12. Which of the following is another name for a managers Minimum Desired Rate of Return?

A. Discount rate

B. Minimum required rate of return

C. Weighted average cost of capital

D. Hurdle rate

E. All of the above

13. If a project has an internal rate of return of 15% and a negative net present value, which of the following statements is TRUE?

.	A.. The hurdle rate if less than 15%.
.	B. The hurdle rate is greater than 15%.
	C. The hurdle rate is equal to 15%. D, None of the above.

14. Which of the following capital budgeting techniques ignores the time value of money?

	A. Accounting rate of return
	B. Net present value
	C. Internal rate of return
	D. Payback E.. Both A and D