TB 09-193 Net present value can be defined as: Net present value can be defined as: Multiple Choice The rate of return that causes the present value of all cash flows associated with a project to equal zero. A measure of the value created or added today by undertaking a project. The cash outflows from a project subtracted from the cash inflows for the project The discount rate that causes the current value of cash inflows to exceed the current value of cash outflows. The net costs of a project subtracted from the net income generated from the project