The best technique that analyzes a capital investment is

a.accrue, defer, and allocate costs to short time periods

b.clearly distinguish different cost behavior patterns

c.emphasize the liquidity of invested costs

d.discount cash flows over a project's life

A project is accepted under the net present value method when the

a.cost of the project is less than the present value of net cash flows

b.total cash flow exceeds the cost of the project

c.present value of net cash flows exceeds accounting rate-of-return

d.percentage return is greater than minimum projected return