The net present value decision rule requires that when an asset's expected cash flows are discounted at the required rate and yield a positive net present value,the project should be ________.

Learning Objectives

• Distinguish and elucidate the different techniques employed in capital budgeting, encompassing Net Present Value, Internal Rate of Return, Payback Period, and Profitability Index.
• Calculate and elucidate the findings from diverse techniques of capital budgeting.