Markup percentage equals total costs divided by desired profit. True or False The payback period is a method used to evaluate investment decisions by measuring the expected amount of time to recover the initial investment amount. True or Faise Using profitability index allows management to rank projects of similar risk with different initial investment amounts. True or False Net present value (NPV) is the discounted future net cash flows from an investment at the required rate of return, minus the initial investment. True or False