efects A and B have identical expected lives and Identical initial cash outflows. owever, most of one project's cash flows come in the early years, while most of the other project's cash flows OCCHE In the later years. The two NPV poties are given below: Which of the following statements is CORRECT? a. More of Project A's cash flows occur in the later years b. More of Project B's cash flows occur in the later years c. We need information on the required rate of return in order to determine which project has the larger cash flows in the later years. d. We need information on the crossover rate in order to determine which project has the larger cash flows in the later years. e. We need information on the NPVs in order to determine which project has the larger cash flows in the later years. viii. The slope of the security market line will decline if... a. The standard deviation of the market portfolio decreases and investors' risk aversion decreases. b. The standard deviation of the market portfolio decreases and investors' risk aversion increases. C. The standard deviation of the market portfolio increases and investors' risk aversion decreases. d. The standard deviation of the market portfolio increases and investors' risk aversion increases. ix. Which of the following is NOT a relevant cash flow and thus should NOT be considered in the analysis of a capital budgeting project? a. Changes in net operating working capital