15. Which of the following is a method of analyzing capital investment proposals that ignores present value?

a. internal rate of return

b. net present value

c. discounted cash flow

d. average rate of return

16. The amount of the average investment for a proposed investment of $120,000 in a fixed asset with a useful life of 4years, straight-line depreciation, no residual value, and an expected total net income of $21,600 for the 4 years, is

a. $30,000

b. $21,600

c. $5,400

d. $60,000