Q.17. FALSE: Due to time value of money present value can be calculated of any future return with a discounting rate.Hence due to time value of money investments result in earlier return are same as those produce later return just because of present value.
Q.18 Differential cost : it means difference between cost of two or more alternative decision which make difference between two possible alternative that is to pursue
Q.19. (1) Equal to 16% : If rate of interest is equal to discounting rate of return, it called as Internal rate of return and net present value become zero at such rate.
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