1. Which of the following is not a time-adjusted method for qualifying investment proposals?
a) net present value method
b) payback method
c) internal rate of return method
d) all of the above are time-adjusted methods
2. Cash flow can be said to equal:
a) income before depreciation and taxes, minus taxes
b) income before depreciation and taxes, plus taxes
c) income before depreciation and taxes, plus depreciation
d) income after taxes minus depreciation