If you insulate your office for $10,000, you will save 1,500 a year in heating expenses. These savings will last forever. Select the correct statement:

The payback period is shorter than 6 years.

The payback period is longer than 6 years.

The IRR rule gives the correct decision in capital rationing problems if all projects have the same investment costs.

Group of answer choices

True

False

If you double the size of the project, the IRR will double.

True

False