QUESTION 21 The discount rate used in net present value calculations is the company's minimum rate of return. True False QUESTION 22 The cost-plus pricing approach establishes a cost base and adds a markup to this base to determine a target selling price. True False QUESTION 23 The payback period method measures A. the profitability of an investment. OB. the cash flows from an investment. OC. how quickly investment dollars may be recovered. OD. the economic life of an investment. QUESTION 24 Decisions to install new equipment, replace old equipment, and purchase or construct a new building are examples of A. capital investment decisions. OB. incremental analysis. OC. sales mix analysis. OD. direct costing decisions