QUESTION 13 With regard to the time value of money, OA. amounts are adjusted for inflation over the period of the investment. B. the amount of the present value is always higher than the future value. OC. the future value amount is always higher than the present value amount. OD. the present value and the future value have to be equal. QUESTION 14 When considering the time value of money, use compounding to find the value of money now held. A. present OB. historical OC. future D. discounted QUESTION 15 If a payback period for a project is greater than its expected useful life, the A. project will always be profitable. B. full amount of the initial investment will not be recovered. C. project would only be acceptable if the company's cost of capital was low. OD. project's return will always exceed the company's cost of capital. QUESTION 16 The calculation to determine target cost is: OA. variable manufacturing costs + fixed manufacturing costs. OB. sales price - (variable manufacturing costs + fixed manufacturing costs). OC. variable manufacturing costs + selling and administrative variable costs. OD. sales price - desired profit