If you had to choose a project and needed to explain to the Board of Directors, why you take that project based on a cash value which method would you be utilizing? O Payback Net present value Internal rate of return Return on investment QUESTION 29 Which of the following is UNTRUE about the payback method Most precise method using both the interest rate as well as the total cash earned Widely used by large firms to evaluate small projects and by small firms to evaluate most projects Computational simplicity and intuitive appeal makes it popular Many firms use the payback period as a decision criterion or as a supplement to other decision techniques QUESTION 30 One of the shortcomings of using IRR is that it Does not regard interest rates Armen intermediate nachin reinstarted at the IRR rata