19. When making capital-budgeting decisions, for a project to be ACCEPTED its NET PRESENT VALUE must be

		A. Equal to or greater than the cost of the initial investment
		B. Equal to or greater than the projects Internal Rate of Return (IRR)
		C. Equal to or greater than the projects payback period
		D. Equal to or greater than 0

20. What is the proper decision rule (or cutoff) for the payback method?

		A. If calculated payback is less than the useful life buy the machine.
		B. If calculated payback is more than the useful life buy the machine.
		C. If calculated payback is greater than zero buy the machine.
		D. If calculated payback is less than some corporate standard buy the machine.