John needs $50,000. If he deposits $4,000 annually into an account which earns a 10% APR, how long will it take Sam to reach his goal? a) 12.5 years Ob) 8.51 years c) 8.29 years O d) 8.09 years Question 26 (2 points) Which of the following is a strength of the net present value (NPV) capital budgeting technique? a) It uses the time value of money, b) There can be multiple NPVs. c) The accept/reject criterion is arbitrary. d) It considers all cash flows of the project. e) Both A and D