4. Which of the following statements regarding capital investment analysis is false? A. A long-term planning horizon is assumed. B. Benets of potential investment projects are conceptually expressed in terms of accounting income (or reduction in costs). C. Project acceptance decisions are based on models that explicitly incorporate the time value of money. D. Need to incorporate income-tax effects in the analysis, for both revenues (gains) as well as expenses (losses). E. Discounted cash ow (DCF) decision models are used by a majority of large organizations