1. How about NPV? Does NPV always choose the same project whether a firm has a high or low cost of capital?

Making the Decision Sinning estimates the cash flows of the two projects for the next 3 years as follows: 0 Expected Cash flows associated with the two projects Time Project 1 Project 2 (20 million) (30 Million) 12 million 5 million 2 8 Million 15 million 3 5 million 20 million 1 She was told by her manager that similar projects that the company has carried out before had a required rate of return of 12%, so she decided to use the same rate of return