Indicate whether each of the following statements is true or false.
An ordinary annuity assumes that cash flows occur at the beginning of each period.______
To say that an investment earns the desired rate of return assumes that all cash flows generated by the investment are reinvested at the desired rate of return.______
Managers should not use two different methods in evaluating capital investment decisions because different methods generally give different results.______
Copley Corporation uses a required rate of return of 10% for its capital investment decisions.A particular project had a negative net present value.For this project,the actual rate of return was expected to be more than 10%.______
The net present value of a capital investment project is calculated by subtracting the present value of expected cash inflows from the cost of the investment.______

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The Answer of Indicate whether each of the following statements is true or false.
An ordinary annuity assumes that cash flows occur at the beginning of each period.______
To say that an investment earns the desired rate of return assumes that all cash flows generated by the investment are reinvested at the desired rate of return.______
Managers should not use two different methods in evaluating capital investment decisions because different methods generally give different results.______
Copley Corporation uses a required rate of return of 10% for its capital investment decisions.A particular project had a negative net present value.For this project,the actual rate of return was expected to be more than 10%.______
The net present value of a capital investment project is calculated by subtracting the present value of expected cash inflows from the cost of the investment.______

Indicate Whether Each of the Following Statements Is True or False