HELP -All questions on page-

46. A project costing $20,000 generates cash inflows of $9,000 annually for the first three years, followed by cash outflows of $1,000 annually for two years. At most, this project has A one B. two C. three D. five E None of the above different IRR(s). Hint: This is a multiple IRR question. 47. The "gold standard" of investment criteria refers to: A. net present value. B. internal rate of return. C. payback period. D. profitability index. E. discounted payback 48. A. As the cost of capital is increased, the NPV of a specific project will: increase. B. decrease. C. remain constant. decrease to zero, then remain constant cannot be determined D. E. 49. GD Industries is considering a project which has the following cash flows: Year Cash Flow $2,000 $3,000 $3,000 $1,500 4 The project has a payback of 2.5 years. The firm's cost of capital is 12 percent. What is the project's net present value NPV? A. $765.91 B. $2,761.32 C. $3,765.91 D. $577.68 E. $1,049.80