TRUE or FALSE 1) It is correct to say that the payback period (PP) method ignores the time value of money

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TRUE or FALSE

1) It is correct to say that the payback period (PP) method ignores the time value of money.

2. No project can have more than one internal rate of return (IRR).

3. A project's equivalent annual annuity (EAA) is expressed in dollars.

4. When the IRR serves as the discount rate, the net present value (NPV) = $0.

5. A project should be accepted if its profitability index (PI) > 0.