A manager should never pursue a project with a positive net present value (NPV > 0). True False What is the payback period for the following project: Initial investment: $100 million First year cash flows: $43 million Second year cash flows: $49 million Third year cash flows: $47 million Fourth year cash flows: $47 million (Answer in years, including fractional years, e.g. "3.42" is 3.42 years) Type your answer... You purchase a building for $350,000. Investing in the building generates $25,000 in cash flows at the end of each of the next five years. At the end of five years, you can sell the building for $400,000. What is the IRR of this investment? 10.07% DOO 9.73% 9.12% 9.51% If the NPV of a project is $18 million and the profitability index is 7, what was the initial investment necessary to pursue the project? (answer in MILLIONS of dollars, i.e. "5.23" is $5.23 million) Type your answer... Projects and investments with high risk require a lower rate of return than do projects and investments with low risk. True False