Which of the following is NOT an advantage to using the net present value method of evaluating an investment proposal?

a$.$ It considers the cash flows of the investment.

b$.$ It considers the time value of money.

c$.$ It can rank projects with equal lives, using the present value index.

d$.$ It assumes cash flows can be reinvested at the minimum desired rate of return.

The present value index is computed as the

a$.$ total present value of net cash flow divided by the amount to be invested

b$.$ net cash flow divided by the amount to be invested

c$.$ total future value of net cash flows divided by the amount to be invested

d$.$ None of these are correct.

is a rate where the NPV of any given project is zero.

a$.$ Present Value Index

b$.$ Internal Rate of Return $($IRR$)$

c$.$ Payback Period

d$.$ None of these are correct.