Q11. The ranking criteria (after the projects pass the accept/reject criterion) based on the payback period method is Select one: O a. The higher the payback period, the higher the rank; o b. The lower the payback period, the higher the rank; O c. The higher the NPV, the higher the rank based on the payback period. O d. The payback method cannot rank projects. Q12. The primary use of the cost of capital is Select one: O a. To use it as the required rate of return to evaluate projects. o b. To use it to compute IRR; O c. To compare it with the Payback Period method. O d. To ask a question in the exam