13. Which of the following Capital Budgeting techniques considers no time value ofmoney principles? A. Payback Method. B. Net Present Value Method C. Internal Rate of Retuun Method. D. None of the above. All of these methods consider the use of time value of money principles. 14. Which of the following statements conceming the "Payback" method (pg 316 is true? A. An investment with a longer payback is preferable to an investment with a shorter payback. B. The payback method must adjust for any depreciation (as depreciation is not a cash flow). C. The payback method and the unadjusted rate of retuun are different approaches that will always lead to the same conclusion Use the foll information for questions 15 & 16: 15. Brown & Nguyen, Inc. is considering the purchase of an asset for $600,000. The asset is expected to increase annual net income by $19,000 per year. Depreciation expense of $11,000 per year is included in this projection Based on this infomation, the cash Payback period would be: A. 7.50 yers B. 9.375 years C. 12.50 years D. 20.00 years E 33.33 years 16. What would be the "Unadjusted Rate of Retum, based on avsrage ivesment (see pg 318), given the above information? A.4.00% B.9.00% C.11.73% D.21.33% E. None of the above. The correct answer is: 17. What is a PostAudit of a capital investment decision, and how should the PostAudit be conducted? Answer with a complete discussion, using full sentences. dicate whether each of the fol tatements to "PostAudits" is True o 18. A postaudit should be conducted at the time a capital investment is purchased/started. 19. The postaudit of a capital investment project should be made using the same analytical technique that was used in deciding to make the initial investment