Question 5 The least risky capital projects are replacements. Expansions and new business ventures are progressively more risky. True False Question 6 2.5 pts Capital Budgeting involves how companies plan and justify large capital expenditures on short-term projects. True False Question 7 2.5 pts One advantage of the NPV over the IRR is that NPV takes account of cash flows over a project's full life whereas IRR does not. True False 2.5 pts