Answer as true or false a. If inflation were zero for all things and all time, then the value of having money in a future year for investment is the same as having that money to invest today. b. Comparing two loans of the same amount and interest rate, the shorter loan (smaller N) with fewer months to pay off will require a higher monthly payment. c. The definition of a fixed cost is that the cost cannot rise or fall from year-to-year with inflation. d. In general, if the present value of a cash flow stream is negative using a low time value of money, then the present value of these amounts will also be negative using a higher time value of money. e. The profit maximizing level of production (i.e., number of items made and sold) is also greater that the breakeven level of production.