When the internal rate of return (IRR) is higher than the cost of capital, the project can be selected. True False 3 points A disadvantage of the payback rule is that it does not discount those cash flows out into the future. True False 3 points For project cash flows, we always want to use after-tax cash flows because tax is an expense. True False 3 points If the book value is greater than the market value, the net salvage value (NSV) can be greater than the market value of the asset. True False