Which of the following statements are true? (You can select more than one option) When we compare assets with different lives, we should select the machine that has the lowest equivalent annual cost. Both the NPV and the internal rate of return methods recognize that the timing of cash flows affects project value. Because of deficiencies associated with the payback method, it is seldom used in corporate financial analysis today. O A Project's payback period is the length of time necessary to generate an NPV of zero