Chapel > TelUIUBY is the process of evaluating which investments should be made by the company in the future. 2. In a La proposed project is compared to a preset standard of acceptance, usually a minimum desired rate of return called the In a only the best project is selected from competing courses of action. A stream of 3. The value today of a future cash flow is called the equal cash flows is called a(n) 4. The _approach to capital budgeting requires __ of the cash inflows against the you to net the of the outflows. 5. In a preference decision, the project with the (highest/lowest) net present value should be accepted. In a all projects that have a positive net present value at the benchmark discount rate are acceptable. 6. The capital budgeting technique that determines the actual return expected to be earned by a project is called the the project is acceptable if the Lis (greater than/less than/equal to)_ or (greater than/less than/equal to) the discount rate. 7. The time required to recoup the funds expended in an investment is called the - Generally, a (shorter/longer)_ _ period is better. 8. The is the return generated by an investment based on accounting income rather than cash flow