IDNLearn.com is designed to help you find reliable answers quickly and easily. Ask your questions and receive prompt, detailed answers from our experienced and knowledgeable community members.

Assuming that their NPVs based on the firm's cost of capital are equal, the NPV of a project whose cash flows accrue relatively rapidly will be more sensitive to changes in the discount rate than the NPV of a project whose cash flows come in later in its life.
- True
- False