Which capital budgeting technique does not use cash flows in its calculation? A. NPV b. IRR Smith Company will receive a lump sum of $20,000 in 4 years. What is the present value of Barney invests $1,000 today. What is the future value of this investment at the end of 4 18 c. Payback Period d. All of these use present value 19 this cash flow, discounted at 7%? 20 years if the money is invested at 10%