corporate finance

Which of the following statements is FALSE concerning equity characteristic? Has lowest priority over cash flows Has infinite life Has residual claim over cash flows Is tax deductible Which of the following should be included in the initial outlay? po taxable gain on the sale of old equipment being replaced increased investment in inventory and accounts receivable financing cost paid to finance fixed asset investment first year depreciation expense on any new asset purchased In discounted cash flow analysis, which of the following is a bad decision rule? OI IRR 2 opportunity cost of capital then reject O IRR