Which of the following does not characterize NPV as an investment rule?
A. NPV is the simplest of all investment rules.
B. NPV incorporates all relevant information.
C. NPV uses all of the project's cash flows.
D. NPV discounts all future cash flows.
Answer:A
Which of the following does not characterize NPV as an investment rule?
A. NPV is the simplest of all investment rules. B. NPV incorporates all relevant information. C. NPV uses all of the project's cash flows. D. NPV discounts all future cash flows.