58. Which of the following statements is CORRECT? One drawback of the value of money, while the regular payback overcomes this a. does not consider the time drawback. discounted payback is that this method b. Th e shorter a project's payback period, the less desirable the project is normally considered to be by this criterion. If a project's payback is positive, then the project should be accepted because it must have a positive NPV. c. One drawback of the payback eriterion is that this method does not take account of cash flows beyond the payback period. d. They have a par value of $1,000 and Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. an annual coupon of 5.7%. If the current market interest rate is 6.8%, at what price should the bonds sell 59. a. $844.62 b. $898.53 c. $979.40 d. $1,006.36 Which of the following statements is CORRECT? a. 60. Since cash flows under the IRR and MIRR are both discounted at the same rate (the WACC), these two methods always rank mutually exclusive projects in the same order. One advantage of the NPV over the MIRR method is that NPV takes account of cash flows over a project's full life whereas MIRR does not. One advantage of the NPV over the IRR is that NPV assumes that cash flows will be reinvested at the WACC, whereas IRR assumes that cash flows are reinvested at the IRR The NPV assumption is generally more appropriate One advantage of the NPV over the IRR is that NPV takes account of cash flows over a project's full life whereas IRR does not. b. c. d