5 20 2 points A capital budgeting decision involves? Analyzing Direct Labor Quantity variances for multiple periods. Detailing the elements of the company's operating budget. Analyzing and deciding which long-term investments to make in the business. The creation of a vertical Balance Sheet analysis. 21 2 points Net present value (NPV) is calculated how? 00 By adding the present value of all cash inflows and then subtracting the present value of all cash outflows. By determining the present value of future cash outflows. By adding the future value of all cash inflows and then subtracting the present value of all cash outflows. None of the listed answers are correct. 22 2 points When evaluating a long-term investment, which of the following is true if the Net Present Value (NPV) calculation is greater then zero? The expected rate of return for the investment is less than the company's cost of capital (ie. required rate of return). The expected rate of return for the investment equals the company's cost of capital (le. required rate of return). The expected rate of return is positive but the actual rate of return is negative. 0000 The expected rate of return for the investment exceeds the company's cost of capital (ie. required rate of return).