13) Net Present Value calculations need a starting interest rate, often referred to as: a) discovery rate b) compounding rate c) computational rate d) discount rate 14) The Net Present Value: a) Calculated by discounting all cash flows to the present & subtracting the outflows b) Calculates the rate of return which leaves you indifferent between undertaking the project, and not undertaking the project. c) Leads to the same decisions as the use of the payback period. d) Would suggest that we accept projects with a negative net present value. 15) The Internal Rate of Return for a project: a) Solves for the interest rate that makes the net present value zero. b) is a special case of the net present value method. c) Accepts or rejects a project based on a comparison of the IRR with the cost of capital of the project d) All of the above answers are correct. 16) The famous master builder in NYC during the 20th Century was Robert Moses. His power was originally derived from: A) His ability to build important public works projects that were seen favorably by the voters, voters who elected the public officials that kept Moses in office. B) He began building in North Carolina, which depended on extensive highways. C) When initially confronted with NIMBY protestors, he used legal means to stop protestors, and allowed protestors to gather in Albany. D) To protect his reputation, he kept the promise to collect toll road fees until such time that the project fees were covered by the tolls