29.The costs and benefits of a capital project should not be expressed in terms of accounting income, but rather in terms of cash flows.

Question 29 options: A) True B) False

32.The internal rate of return is defined as average annual accounting profit divided by the average book value of a project.

Question 32 options: A) True B) False

Question 33 Other things held constant, a decrease in the discount rate will cause an increase in the NPV of a project with conventional cash flows.

Question 33 options: A) True B) False