Which of the Following Statements Is FALSE

question 22

Multiple Choice

Which of the following statements is FALSE?

• A)The ultimate goal in capital budgeting is to determine the effect of the decision to take a particular project on the firm's cash flows.
• B)To the extent that overhead costs are fixed and will be incurred in any case,they are incremental to the project and should be included in the capital budgeting analysis.
• C)Unlevered Net Income = (Revenue - Costs - Depreciation)× (1 - τ_c).
• D)Earnings are not cash flows.

---

Definitions:

Cryosurgery

A medical procedure that uses extreme cold to destroy abnormal or diseased tissue, including cancers.

Emollients

Substances that soften and moisturize the skin to reduce itching and flaking.

Antifungals

Medications specifically designed to treat or prevent fungal infections by disrupting the cell structures of fungi or preventing their growth.

Keratolytics

Substances used to soften and remove excess keratin from the skin's surface.