A financial manager who consistently underestimates the. actually create wealth for the stockholders. Select one: a. Marginal income tax rate. b. Initial cost of projects. c. Future cash outlays associated with projects. d. Required return on projects. e. Future cash inflows associated with projects. will tend to incorrectly reject projects that would A conventional cash flow is defined as a series of cash flows where: Select one: a. The total of the cash flows is positive. b. All of the cash flows are positive. c. The sum of the cash flows is equal to zero. d. The present value of the cash flows is equal to zero. e. Only the initial cash flow is negative