The present value of unlevered future cash flows Multiple Choice O in excess of zero means a project is expected to yield an unlevered rate of return less than the unlevered discount rate employed. Say is the value now of all undiscounted unlevered cash flows that are expected to be received in the future. will always equal zero when the discount rate is the internal rate of return. will always equal a project's purchase price when the unlevered discount rate is equal to the unlevered internal