When evaluating the cash flows associated with a capital budgeting project, the shipping and installation costs associated with the purchase of an asset are included in the computation of the: incremental operating cash flows, because shipping and installation costs represent expenses that must be written off "annually over the life of the project. O b.project's opportunity cost, because these costs increase the potential of the project. O terminal cash flows, because these expenses are not paid until the end of the project's life. d. sunk costs, because these expenses do not affect any cash flows associated with purchasing the project. e. initial investment outlay, because these expenses are part of the project's depreciable basis. If a project's net present value (NPV) is positive, a. its internal rate of return (IRR) is equal to the firm's required rate of return. b.its payback period is greater than the maximum cost-recovery time established by the firm. c. it is not an acceptable project. d. the firm's required rate of return is not attainable e. it is an acceptable investment Site If a project's net present value (NPV) is positive, a. Its terminal value is less than the future value of the initial investment in the project. b. It must have multiple internal rates of return. c. Its initial investment is recovered on a present value basis prior to the end of the project's useful life The present value of the project's cash inflows and the present value of its cash outflows are equal when they are "discounted at the firm's required rate of return e. Its internal rate of return is less than the firm's expected rate of return. Which of the following capital budgeting techniques makes the assumption that the project's cash flows are reinvested at the firms required rate of return? a discounted payback period (DPB) b.net present value (NPV) O c. discounted rate of return O d.traditional payback period (PB) O e internal rate of return (IRR)