16) True False The Board of Directors of a Company is elected by the company's Common Stockholders. 17)True False The Board of Directors has to be composed of only employees of the Company 18)The Net Present Value of a machine purchased for $200,000 with the following cash flows: Year 1 Year 2 Year 3 $100,000 $91,000 $73.000 With an interest rate of 7% compounded annually is (in rounded dollars): I A) $71,031 B) $21.589 C) $65,062 D) $32.531 19) True False If a product is sold as is it includes an Incremental Cost. 20) True False If a business segment is eliminated, all expenses are avoidable