Which of the following statement is INCORRECT? Mutually exclusive projects are those that picking one project eliminates the possit Many companies use the payback period for small-dollar decisions because the ac may be quite difficult to estimate far into the future. Two projects are independent if the acceptance of one project has no bearing on The NPV of an investment is the present value of all benefits (cash inflows) plu- 1 pts nates the possibility of picking the other project as because the accuracy of future cash flows on these smaller projects t has no bearing on the acceptance or rejection of the other project. ts (cash inflows) plus the present value of all costs (cash outflows) of the project. Which of the following statement is INCORRECT? Mutually exclusive projects are those that picking one project eliminates the possit Many companies use the payback period for small-dollar decisions because the ac may be quite difficult to estimate far into the future. Two projects are independent if the acceptance of one project has no bearing on The NPV of an investment is the present value of all benefits (cash inflows) plu- 1 pts nates the possibility of picking the other project as because the accuracy of future cash flows on these smaller projects t has no bearing on the acceptance or rejection of the other project. ts (cash inflows) plus the present value of all costs (cash outflows) of the project