1. Which of the following is false?

Question 1 options:

	A) Sunk cost should not be included in CFFA (Cash Flows From Assets).
	B) Financing cost should not be included in CFFA (Cash Flows From Assets).
	C) Cash Break-even < Accounting Break-even < Financial Break-even
	D) The total risk of a stock held in isolation is the beta risk.
	E) A stock with a beta of zero would be expected to have a rate of return equal to the risk free rate.