13. Which of the following statements about investment appraisal methods is correct? The return on capital employed method considers the time value of money. Return on capital employed must be greater than the cost of equity if a project is to be accepted. Riskler projects should be evaluated with longer payback periods. Payback period ignores the timing of cash flows within the payback period -14. Which of the following statements about Fence Co is/are correct? (i) Managerial reward schemes of listed companies should encourage the achievement of stakeholder objectives. (ii)Requiring investment projects to be evaluated with return on capital employed is an example of dysfunctional behaviour encouraged by performance-related pay, (iii)Fence Co has an agency problem as the directors are not acting to maximise the wealth of shareholders. Statement (i) statements ( ) and (ii) Statements (ii) and (iii) statemen's (i), (ii) and (iii) - 15. Which of the following statements about Fence Co directors remuneration package is/are correct? (i) Directors' remunoration should be dotermined by senior executive directors. (ii) Introducing a share option scheme would help bring directors* objectives in line with shareholders' objectives