Assume that your organization's CFO has just completed a presentation to the board of trustees concerning the analysis of a proposed ambulatory surgery center costing $2 million. During the presentation, the CFO indicated that the project had an estimated NPV of $786,339 and an IRR of 17.3 percent. Based on its risk, the project was judged to have a cost of capital of 13 percent. Which of the following statements is most correct? The project is financially acceptable because the NPV is less than $2 million The project is financially unacceptable because its IRR is greater than its cost of capital The project is financially unacceptable because its NPV is less than the project's initial investment cost The project is financially acceptable because its NPV is positive In budgeting terminology, a variance is defined as which of the following? The difference between a realized value and a budgeted, or standard, value The percentage decrease in volume that can occur without causing the organization to lose money A measure of the degree of dispersion of a distribution about its mean value The difference between operating profit and total profit Moderna Pharmaceuticals is trying to estimate the breakeven volume of sales (volume) on its newly developed COVID-19 vaccine. Which of the following would be expected to reduce the number of vaccine doses that Moderna would need to sell to breakeven assuming everything else remains the same? An increase in fixed costs of production An increased unit variable cost to produce the vaccine A decreased selling price per vaccine dose An increased unit contribution margin to produce the vaccine