The Net Present Value or NPV criteria for capital budgeting

The Net Present Value (or NPV) criteria for capital budgeting decisions assumes that expected future cash flows are reinvested at , and the Internal Rate of Return (or IRR) criteria assumes that expected future cash flows are reinvested at . Select one: a Neither criteria assumes reinvestment of future cash flows. the firm\'s discount rate; the internal rate of return the internal rate of return; the internal rate of return the internal rate of return; the firm\'s discount rate

Solution

answer: b