TRUE/FALSE

7) The assignment of a discount rate to each project is an integral part of the NPV process.

8) To determine the current value of a project, discount all future cash flows to the present and add up all cash inflow and outflow.

9) Finding the equivalent annual annuity (EAA) is a good way to deal with projects with unequal lives and should only be used with mutually exclusive projects.

10) To be considered acceptable, a project must have an NPV greater than 1.0.