Question 10

Which of the following statements is most likely correct:

	a.	The NPV technique does not take in the consideration the time value of money.
	b.	The NPV of a project is the sum of all the expected future cash flows.
	c.	The NPV technique takes account of all the cash flows associated with a project.
	d.	If two competing projects are being considered, the one expected to yield the lowest NPV should be selected.