response. Question 24 A corporation should use the decision criteria when ranking independent and non-repeatable projects. Discounted Payback Period Modified Internal Rate of Return Net Present Value Profitability Index Moving to another question will save this response Question 26 The trade-off in risk and return when managing a firm's working capital refers to the trade-off between the firm's: debt and equity sales and cost of goods sold beta and expected return liquidity and profitability