46. Which of the following statements is true? a. If IRR>0, then NPV>0 b. If PI 1, then IRR> cost of capital d. If NPV 1, then IRR cost of capital situation in which a company has more acceptable projects than resources available is known as a. capital budgeting c, conventional projects d. capital rationing 48. Given the following three mutually exclusive projects and their capital budgeting data: ProjectNPV Payback IRR $ 449 517 $ 580 2.5 years 3.2 years 3.8 years 24 % 17% 19% Which project(s) should be chosen? a. Project S b. Project T C. Project U d. All three projects 49. Maxwell Corporation's Board of Directors recently declared a $1 quarterly dividend The Board set the payment date as Friday, August 31, 2018, and the record dat Wednesday, August 15, 2018. What is the last day you can buy the stock and s receive the dividend? a. Friday, August 10 b. Monday, August 13 c. Tuesday, August 14 d. Tuesday, August 28 50. Financial leverage is beneficial to a company's stockholders when a. the cost of capital is higher than the cost of debt b. the return on assets is greater than the cost of debt C. the return on equity is less than the cost of capital d. the return on equity is greater than the cost of capital