The advantages of using average accounting return include its Multiple Choice use of easily obtained information inclusion of time value of money considerations o use of a cutoff rate as a benchmark o use of pretax income in its computation o o use of real, versus nominal, average income The are the two methods of project analysis that most biased towards short-term projects. Multiple Choice net present value and internal rate of return O internal rate of return and profitability index payback and discounted payback net present value and discounted payback discounted payback and profitability index Pick the correct statement related to independent projects with conventional cash flows. Online Fa19 WklyEx07 for Chapter Nine (Part 1) Multiple Choice The internal rate of return decision may contradict the net present value decision. Business practice dictates that independent projects should have three distinct accept indicators before a project is actually implemented. The payback decision rule could override the net present value decision rule should cash availability be limited. The profitability index rule cannot be applied in this situation. The projects cannot be accepted unless the average accounting return decision ruling is positive