Use the following to answer question 3: Overland company has gathered the following data on a proposed investment project: The company uses straight-line depreciation on all equipment. The internal rate of return on the investment is closest to: (Ignore income taxes in this problem.) Major Corporation is considering the purchase of a new machine for exist4,800. The machine has an estimated useful life of 6 years and no salvage value. The machine will increase Major's cash flows by exist2,500 annually for 6 years. Major uses straight-line depreciation. The company's required rate of return is 12%. What is the payback period for the machine? The net present value (NPV) method of investment project analysis assumes that the project's cash flows are reinvested at the: A) internal rate of return. B) discount rate used in the NPV calculate. C) firm's simple rate of return D) firm's average ROL Because of the uncertainty and large cost involved in investments in automated equipment, any intangible benefits from these projects should be ignored. A) True B) False