True False O Q O 0 0 Q O 0 9. When calculating a project's NPV, it is fair to assume that the cost is already a present value. 10. It is fair to rank projects from best to worst solely on their respective NPVs. 11. If a project's NPV is equal to zero, the PI must also equal zero. 12. The EAA is a useful measure even if the projects are not mutually exclusive. 13. The greater a project's discount (or required) rate, the lower its NPV will be. 14. The first step when solving for the modified IRR (MIRR) is to calculate the present value of the cash inflows. O O 0