If the future cash flows of a project increase, the IRR will _____.

		increase
		decrease
		not change
		not enough information

Which of the following is true about the payback period?

		it is the most reliable technique because it is the simplest.
		it ignores all cash flows after the payback period.
		it captures the time value of money and risk
		decisions based on payback period will be the same as decisions based on NPV

If the required return on a project increases, the NPV will ________.

		increase
		decrease
		not change
		not enough information