Please answer the True or False Questions.

O o 10. It is fair to rank projects from best to worst solely on their respective NPVs. O O 11. If a project's NPV is equal to zero, the PI must also equal zero. O 0 12. The EAA is a useful measure even if the projects are not mutually exclusive. 0 O 13. The greater a project's discount (or required) rate, the greater its NPV will be. 0 O 0 0 O O 14. The first step when solving for the modified IRR (MIRR) is to calculate the present value of the cash inflows. 15. A project is acceptable when its hurdle rate $0 if the discount rate = 15%. 18. If the discount rate is 15%, the profitability index of the project in #17$0, it is fair to assume that the IRR > the hurdle rate