Refer to the information above. Which of the following represents the level of investment needed to maintain a constant capital stock (K) in this economy?

Under the Bretton Woods system, participating countries

A) pegged their currencies to the U.S. dollar. B) maintained a fixed exchange rate with gold. C) allowed their currencies to float freely. D) pegged their values to the British pound.

The relationship between NPV and IRR is such that :

a. both approaches always provide the same ranking of alternatives b. the IRR of a project is equal to the firm's cost of capital when the NPV of a project is $0 c. if the NPV of a project is negative, then the IRR must be greater than the cost of capital d. all of the above e. none of the above