Define each of the following terms:

a. Capital budgeting; regular payback period; discounted payback period b. Independent projects; mutually exclusive projects c. Net present value (NPV) method; internal rate of return (IRR) method; profitability index (PI) d. Modified internal rate of return (MIRR) method e. NPV profile; crossover rate f. Nonnormal cash flow projects; normal cash flow projects; multiple IRRs g. Reinvestment rate assumption h. Replacement chain; economic life; capital rationing; equivalent annual annuity (EAA)