33-Which of the following statements is incorrect regarding project appraisal techniques?

At IRR, the NPV of a project is equal to 0

If the PI of a project equals 0, then the project's initial cash outflow equals the PV of its cash inflows

If the NPV of a project is greater than 0, then its PI will exceed 1.

If the IRR of a project is 8%, its NPV calculated using a discount rate greater than 8%, will be less than 0

35-Project Appraisal is very important because it involves the following

Huge investments

Long-term

Irreversible

Long-term effect

All of the above

36-The manager of BlackPeral has made the following two statements? Which of them is incorrect?

i) Risk is not quantifiable

ii) Uncertainty is quantifiable

Only i

Only ii

Both i and ii are incorrect

Both i and ii are correct