20. Which method of evaluating capital projects assumes that cash inflows can be immediately reinvested in new projects at the hurdle rate? a. internal rate of return b. payback period c. net present value d. accounting rate of return 21. Which method of evaluating capital projects assumes that cash inflows can be immediately reinvested in new projects at the internal rate of return? a. internal rate of retum b. payback period c. net present value d. accounting rate of return 22. Which term below is best described as the "rate of return that makes the NPV of a capital project equal to zero"? A. Accounting rate of return B. Discount rate C. Internal rate of return D Net present value E. Hurdle rate 23. If a project's profitability index is less than 1 , the project's a. Internal rate of return rate is greater than the hurdle rate. b. Internal rate of return is less than zero. c. Net present value is positive. d. Net present value is negative