30. Which of the following is a type of a non-discounting model? a. Accounting rate of return (ARR) b. Net present value (NPV) c. Internal rate of return (IRR) d. None of the above 31. An investment requires an initial outlay of $100,000 and has a 5-year life with no salvage value. The yearly cash flows are $50,000, $50,000, $60,000, $50,000, and $70,000. Calculate the annual net income for year one. a. 30,000 b. 40,000 c. 50,000 d. 60,000 St