30-Acceptance of a project does not affect the acceptance of any other project being considered by the company. What type of project are we referring to?

Independent Project

Environmental projects

Mutually-exclusive project

Contingent Projects

31-Which of the following statements concerning the discounted payback period, is not true?

The payback period ignores cash flows after the payback point has been reached

The payback period is simple to calculate and understand

The payback period measures the time that a project will take to generate enough cash flows to cover the initial investment

Discounted payback period does not consider the time value of money

32-Which of the following is not a reason for Soft Capital Rationing

Accepts only profitable projects

Lack of management skills

Limited experience in managing external finance

Industry-wide factors