of retidiscount rate used for the net present value computatio? of 14% and a positive net present value, which of the greater than 14%. following statements is true regardin computation? The discount rate must have been The discount rate must have been equal to 14% The discount rate must have been 0%. The discount rate must have been less than 14%. d. can be calculated using all of the following excep 23. The internal rate (IRR) a. a financial calculator. b. present value tables of returm (IRR) of a project calculated usin a spreadsheet application, such as Excel. d the payback method. Which of the following statements comparing t b Only the NPV meth he NPV and IRR met 24. RR methods can be used for screening decisions can be used to compare investments of various size or magnitude. Both the NPV and IRR methods are used for long-terh decision makai o account nt tax bracket and has a 12 percent rate of return. The after-tax rate of Haven Inc. is in the 35 perce return is: a. 12.0 percent. b. 7.8 percent. c. 4.2 percent. d. 34.3 percent. 25. 26. Morris Manufacturing is in the 25 percent tax bracket and has a 10 percent rate of retum. The after-tax rate of return is: a. 7.5 percent. b. 3.6 percent. c, 36 percent. d. 4.4 percent. 27. Which of the following expenses for accounting purposes generates an indirect after-lax cash inflow for purposes of net present value computations? a. Repairs expense b. Salaries expense c. Depreciation expense d. Tax expense 28, present value Which of the following statements is false regarding the impact of taxes on net computations? Most for-profit companies should tak a. e into account the impact of income taxes on capital investment decisions. b. The disposal of a long-term asset may have tax consequences. c. After-tax cash inflows will be less than before-tax cash inflows d. All tax-deductible expenses involve cash outflows