A projects intermittent cash flows are assumed to be reinvested at the firms __________________ when using the Net Present Value (NPV) decision criterion and the projects ____________________ when using the Internal Rate of Return decision criterion.

Group of answer choices

opportunity cost of funds; hurdle rate

internal rate of return; opportunity cost of funds

required rate of return; modified internal rate of return

cost of capital; internal rate of return

Systematic (or market) risk is that part of a stocks risk that is non-diversifiable due to the exposure of the stock market to the effects of all of the following EXCEPT

Group of answer choices

changes in the general level of interest rates.

changes in the general level of macroeconomic activity.

changes in corporate tax legislation.

changes in the firms unsystematic risks.