23) Which of the following statements is TRUE? A) Erosion costs should be excluded from the estimates of a project's cash flows. B) Including an estimate of a project's opportunity costs would increase that project's incremental cash flows C) Straight-line depreciation results in larger depreciation expenses in the later years of an asset's useful lif DSelling an asset at a loss results in lower taxes being paid by the corporation. 24) An investment costs $600,000 today and is expected to produce a one-time inflow at the end of year 4 of 750,000. The IRR of this project is A) between 3 and 4 percent. C) between 2 and 3 percent. B) between 1 and 2 percent. between 5 and 6 percent. 25) Which of the statements below is TRUE? A) Ceteris paribus, a higher cost of capital would increase a project's NPV. B) When using trial-and-error to find the IRR, if a discount rate of 8% results in a negative NPV, the IRR would be below 8%. C) Capital budgeting deals with how much debt and how much equity a firm should use. D) Projects with NPVs greater than zero would have IRRs that are below the cost of capital