1a. When evaluating a new project the most important metric in the decision should be:

a. Net Present Value (NPV)

b. Payback Period

c. Quick Ratio

d. Discounted Payback Period

1b. Which form of market efficiency implies that stock prices adjust rapidly to all new publicly available information and private information

a. Strong Form Market Efficiency

b. Semi - Strong Form Market Efficiency

c. Weak from Market Efficiency

d. Inefficient Markets (No Market Efficiency)