(8) For two mutually exclusive projects with normal cash flows (both with investments at Year 0 and have the same discount rate) under consideration, which of the following statements is correct? (A) The project with a higher NPV will also be the project with a higher IRR. (B) The project with a shorter payback will also be the project with a higher NPV. (C) If the two projects' NPV profiles cross at 10%, the project with IRR much greater than 10% should be chosen. (D) If the two projects' NPV profiles do not cross, then the project with the higher IRR should be chosen. (E) None of the above statements is correct. (9) Which of the following statements is correct? (A) The MIRR of a project will always be lower than the project's IRR. (B) If the NPV of a project is negative, then the IRR of the project will be negative. (C) If the IRR of a project is negative, then the NPV of the project will be negative. (D) If the IRR of a project is negative, then the Payback of the project will be shorter than the life of the project. (E) If the NPV of a project is negative, then the Payback of the project will be shorter than the life of the project. (10) Which of the following would be most likely to lead to an INCREASE in a company's willingness to pay dividends? (A) The company expects to make more profits in the coming years. (B) The company is facing possible competitions from new entrants into the market. (C) The government increases personal income tax on dividends. (D) Raising equity funds in the public market is becoming more difficult. (E) There is higher uncertainty in the economic outlook for the coming years. (8) For two mutually exclusive projects with normal cash flows (both with investments at Year 0 and have the same discount rate) under consideration, which of the following statements is correct? (A) The project with a higher NPV will also be the project with a higher IRR. (B) The project with a shorter payback will also be the project with a higher NPV. (C) If the two projects' NPV profiles cross at 10%, the project with IRR much greater than 10% should be chosen. (D) If the two projects' NPV profiles do not cross, then the project with the higher IRR should be chosen. (E) None of the above statements is correct. (9) Which of the following statements is correct? (A) The MIRR of a project will always be lower than the project's IRR. (B) If the NPV of a project is negative, then the IRR of the project will be negative. (C) If the IRR of a project is negative, then the NPV of the project will be negative. (D) If the IRR of a project is negative, then the Payback of the project will be shorter than the life of the project. (E) If the NPV of a project is negative, then the Payback of the project will be shorter than the life of the project. (10) Which of the following would be most likely to lead to an INCREASE in a company's willingness to pay dividends? (A) The company expects to make more profits in the coming years. (B) The company is facing possible competitions from new entrants into the market. (C) The government increases personal income tax on dividends. (D) Raising equity funds in the public market is becoming more difficult. (E) There is higher uncertainty in the economic outlook for the coming years