Which of the following conclusions about capital budgeting are valid? Check all that apply. Because the MIRR and NPV use the same reinvestment rate assumption, they always lead to the same accept/reject decision for mutually exclusive projects. The NPV is the best project criterion because it shows how much value the company is creating for its shareholders. Because NPV is the best project criterion, only it should be used and the other criteria should be ignored. For most firms, the reinvestment rate assumption in the NPV is more realistic than the assumption In the IRR. The discounted payback period improves on the regular payback period by accounting for the time value of money