15. The capital budgeting method that calculates the discount rate at which the present value of expected cash inflows from a project equals the present value of expected cash outflows is the A. net present value method B. accrual accounting rate-of-retum method. C. payback method. D internal rate of return. E profitability index method. 16. The method that measures the time it will take to recoup, in the form of future cash inflows. the total dollars invested in a project is called A. the accrued accounting rate-of-return method. B payback method. C. internal rate-of-return method. D. the book-value method. E profitability index method. 17. The capital budgeting measure that subtracts a cost of capital invested from an accounting measure of income is A. net present value. B. internal rate of return. C. accrual accounting rate of return. D. residual income. E. None of the above; no such method. 18. The approach to capital budgeting which divides an accounting measure of income by an accounting measure of investment is A. net present value. B. internal rate of return C. payback method. D. accrual accounting rate of return. E. residual income. 19. The net initial investment for a piece of construction equipment is $1,000,000. Annual cash inflows are expected to increase by $200,000 per year. The equipment has an 8-year useful life. What is the payback period? A. 8.00 years B. 7.00 years C. 6.00 years D. 5.00 years E. None of the above; some other amount