5. Which of the following conclusions would be true if the rate of return on your investments increased? 4. The present value for any lump sum you would receive in the future would decrease. b. The present value for any sum you would receive in the future would increase 0. Your rate of return would not have any effect on the present value of any sum to be received in the future. d. The present value of any annuity you would receive in the future would increase 6. The internal rate of return is a. The discount rate that makes the NPV negative. b. The discount rate that makes the NPV positive. c. The discount rate that makes the NPV negative and the Pl greater than one d. The discount rate that equates the initial cash outlay with the present value of all future cash flows. 7. NPV is the most theoretically correct capital budgeting decision tool examined in the text. True False You deposit $5,000 per year at the end of each of the next 25 years into an account that pays 8% compounded annually. How much could you withdraw at the end of each of the 20 years following your last deposit if all withdrawals are the same dollar amount and the account continues to pay the same interest? (the twenty-fifth and last deposit is made at the beginning of the 20-year period. The first withdrawad is made at the end of the first year in the 20-year period). a $37.230 b. $38,323 S45987 SONO