The makes risky projects less acceptable by simply lowering the cash flow estimates themselves. O a certainty equivalent approach O b. pure play method O c. overlay approach O d. accounting beta method QUESTION 15 Although NPV is the best capital budgeting technique, most executives prefer to use: O a payback because the calculations are easy. b. profitability index because they are familiar with ratios. OC. NPV adjusted for inflation because it overcomes the difficulties they have with the method. O d. IRR because people are more comfortable with rates of return than with the somewhat abstract notion of a present valued dollar