a) In general, tax losses may be carried back 2 years and then carried forw up to 10 years. b) Because a company uses the percentage-of-completion method accounting, revenues are recognized when the owner pays the bil c) The cost of capital is equal to the MARR less the profit margin. d) 100% of the cost of food and beverages are deductible on a company's taxes. e) It is always best to set up a cash flow analysis in a spreadsheet. f) Cash flow from operations includes construction operations costs and general overhead costs