Under the objective theory of contracts, the subjective intent of a party to enter into a contract is irrelevant

The net present value:

A. decreases as the required rate of return increases. B. is equal to the initial investment when the internal rate of return is equal to the required return. C. method of analysis cannot be applied to mutually exclusive projects. D. is directly related to the discount rate. E. is unaffected by the timing of an investment's cash flows.

Which of the following is an incorporated insurer that does not have capital stock and has a governing body that is elected by its policyholders?

A) Mutual insurer B) Stock insurer C) Reciprocal insurer D) Guaranty association"