QUESTION 21 A project's is the present value of all cash inflows minus the present value of cash outflows discounted at the cost of capital. a. NPV b. IRR a Payback d. PI QUESTION 22 A project is acceptable under the profitability index technique if its: O a PI is less than one b. PI is greater than zero c PI is greater than one. d. PI is equal to zero. involves planning and justifying how capital dollars are spent on long-term projects. QUESTION 23 The field known as O a cash budgeting O b. interpolation budgeting c. capital budgeting d. financial budgeting QUESTION 24 Which of the following is not part of the capital budgeting process? a cost of capital b. incremental cash flows. Oc identifying evaluation method(s) and standards for picking projects. O d. cash budgeting QUESTION 25 The most difficult part of the capital budgeting process is: a. choosing which method to use O b. doing the correct calculations O c estimating the future cash flows involved O d. everything