Which of the following is true about the net present value (NPV) capital budgeting technique?

		If the net benefit computed on a present value basis that is, NPV is positive, then the asset (project) is considered an acceptable investment.
		The NPV capital budgeting technique ignores the time value of money.
		When projects are evaluated using the NPV formula, it shows by how much a firm's future value will decrease if a capital budgeting project is purchased.
		The NPV calculation fails to assume a realistic reinvestment rate assumption which is implicit in the internal rate of return calculation (IRR).