If the NPV (Net Present Value) of a project with one sign reversal is negative, then the project's IRR (Internal Rate of Return) ________ the firms required rate of return.

Group of answer choices

could be greater or less than

must be less than

must be greater than

is exactly equal to

Systematic (or market) risk is that part of a stocks risk that is non-diversifiable due to the exposure of the stock market to the effects of all of the following EXCEPT

Group of answer choices

changes in the general level of interest rates.

changes in the general level of macroeconomic activity.

changes in corporate tax legislation.

changes in the firms unsystematic risks.

The firms (weighted) cost of capital is commonly referred to as all the below EXCEPT:

Group of answer choices

opportunity cost of funds

internal rate of return

hurdle rate

required rate of return