1. Part 1 (10 marks). State whether the following statements are True or False and explain your choice. Marks will be given mainly for the quality of the explanation. a. (2 marks) Capital Structure decision is the decision as to which long- term assets to buy. b. (2 marks) Decrease in Accounts Payables is a use of cash. (3 marks) The initial cost of a project is $20,000 and the expected annual cash inflows are $5,000 per year for 7 years. The Discounted Payback Period will be more than 4 years. d. (2 marks) One of the disadvatages of the "partnership" form of business organization is double taxation. e. (1 marks) The Statement of Financial Position is a one-day snapshot of the firm's assets and liabilities at a given point in time