2. Companies can decide to invest in a project only if * O a. The expected rate of return from the project exceeds the WACC of that project. O b. The WACC of that project exceeds the expected rate of return from it. c. The expected rate of return from the project equals the WACC of that project. d. The WACC of that project exceeds the IRR e. None of the above 3. The payback period is the length of time it takes an investment to generate sufficient cash flows to enable the project to a. Produce a positive annual cash flow. O b. Produce a positive cash flow from assets. c. Offset its total expenses. 2. Companies can decide to invest in a project only if * O a. The expected rate of return from the project exceeds the WACC of that project. O b. The WACC of that project exceeds the expected rate of return from it. c. The expected rate of return from the project equals the WACC of that project. d. The WACC of that project exceeds the IRR e. None of the above 3. The payback period is the length of time it takes an investment to generate sufficient cash flows to enable the project to a. Produce a positive annual cash flow. O b. Produce a positive cash flow from assets. c. Offset its total expenses