8. Which of the following statementele mele wing statements is correct for a project with a positive NPV? A) IRR exceeds the cost of capital B) Accepting the project has an indeterminate effect on shareholders C) The discount rate exceeds the cost of capital. D) The profitability index equals one. 9. If the net present value of a project which costs $20,000 is $5,000 when the discount rate is 10%, then the: A) project's IRR equals 10%. B) project's rate of return is greater than 10%. C) net present value of the cash inflows is $4,500, D) project's cash inflows total $25,000. 10. Which of the following statements is true for a stock that sells now for 560, pays an annual dividend of $4.00, and experienced a 20% return on investment over the past year? Its price one year ago was: A) $42.00 B) $46.15 C) $48.46 D) $53.33