Grant proposals aim to ________.

A budget in which the allocation of resources fluctuates in proportion to different levels of activity during the budget period is known as a(n) __________ budget

Fill in the blank(s) with the appropriate word(s).

When graphing NPV at different discount rates for mutually exclusive projects, the project with the lower IRR should be selected whenever:

A) the NPV is negative when discounted at the IRR. B) the rate corresponding to the crossover NPV exceeds the opportunity cost of capital. C) that IRR exceeds the opportunity cost of capital. D) the rate corresponding to the crossover NPV is less than the opportunity cost of capital.