Read the discussion question posted below; then post a comment of at least 200 words.

"If a firm has no mutually exclusive projects but has onlyindependentones, and it also has botha constant required rate of returnandprojects with conventional cash flow patterns, then the NPV and IRR methods will always lead to identical capital budgeting decisions." Please stateagree,disagree, oruncertain, and discuss your answer briefly.

Read the discussion question posted below; then post a comment of at least 200 words.

Are there conditions under which a firm might be better off if it were to chose a machine with a rapid payback rather than one with larger NPV? Discuss.