8. Comparison of alternative decision criteria There are four principal decision models for evaluating and selecting investment projects Net present value (NPV) . Profitability Index (PI) Internal rate of retum (IRR) Payback period (PB) Which cnteria assume that the project's get cash flows (NCES) are reinvested at the firm's cost of capital? NPV, PI, and discounted PB NPV and IRR Discounted PB O NPV Read the following statements and categorize whether they characterize the TRR, NPV, PB, or Pl decision criteria IRR NPV PE Statement If its value is less than zero, then the project should be rejected O O OO aolo Expresses its value as a percentage O Ignores cash flows that occur after the payback period and expresses a value that has no link to shareholder wealth maximization o