Discounted cash flow method of capital budgeting.(b) Estimate of the average annual return on investmentthat a project will generate.(c) Capital budgeting method that identifies the discountrate that generates a zero net present value.(d) Decision that requires managers to evaluate potential capitalinvestments to determine whether they meet a minimum criterion.(e) Only capital budgeting method based on net income instead ofcash flow.(f) Ratio of the present value of future cash flows to the initialinvestment.(g) Value that a cash flow that happens today will be worth at somepoint in the future.(h) Concept recognizing that cash received today is more valuablethan cash received in the future.(i) Decision that requires a manager to choose from a set ofalternatives.(j) How long it will take for a particular capital investmentto pay for itself.(k) Capital budgeting technique that compares the present value ofthe future cash flows for a project to its original investment.

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.