There are four principal decision models for evaluating and selecting investment projects: - Net present value (NPV) - Profitability index (PI) - Internal rate of return (IRR) - Payback period (PB) Which criteria assume that the project's net cash flows (NCFs) are reinvested at the firm's cost of capital? IRR and PI NPV and PI NPV, PI, and discounted PB PI Categorize the following statements whether they characterize the IRR, NPV, PB, or PI decision criteria