#17 Which of the following statements is corrrect?

for capital budgeting purposes interest paid is not deducted when finding a projects expected future cash flows

sunk costs can be altered by a firms future investment decisions

because a business has no choice about paying taxes, taxes are generally ignored in evaluating capital projects

if an old asset has been fully depreciated to a book value of zero and is sold for less than its original cost where is no tax liability because the asset has already been written off

if a firms marginal tax rate is 40% an additional one dollar depreciation charge will result in a 60 cent net cash flow