13. A variant of the investment appraisal technique which accounts for the amount of time it takes to cover the cost of a project by adding the net positive discounted cash flows arising from the project is known as.........? A. Net Present Value B. Payback Period C. Discounted Payback period D. Accounting Rate of Return 14. The shares offered in exchange for the present holdings of the shareholders is termed as a. Equity Issue b. Right Issue c. Ordinary Issue d. Special Issue 15. A Public Realations firm owns an investment that will yield GHC100,000 forever. If the cost of capital is 16%; what would be the present worth of this income stream? A. GHC625,000 B. GHC525,000 PV= C. GHC623,000 D. GHC635,000 Use the cash flow diagram below to answer questions 16, 17 and 18. A company acquired a new machine and uses the diagram below to visually present the cash flow information consisting of a horizontal line with markers at a series of time intervals for (costs, income and expenses) over 9 year period. BOY 1 1 1 $19,500 $122,000 +$36,000 9 $175,000 16. What is the initial capital outlay or cost of this new machine? A. $122,000 B. $19,500 C. $175,000 D. $36,000 17. What is the rebuild cost of the machine? A. $122,000 B. $19,500 C. $175,000 D. $36,000 18. What is the salvage/scrap value for the machine? A. $122,000 B. $19,500 C. $175,000 D. $36,000 P