on 26 et ered Consider the following statements about taxes and after-tax cash flows: out of 25 question 1. Capital budgeting analyses should incorporate after-tax cash flows rather than before-tax cash flows. II. Added company revenues will result in lower taxes for a firm. III. Operating expenses may actually provide a tax benefit for an organization. Which of the above statements is (are) correct? Select one: O a. I only O b. ll only Oc. lll only O d. I and II Oe. I and III on 27 When a company is analyzing a capital project by a discounted-cash-flow approach and income taxes are being considered, depreciation: et ered out of 25 ag question Select one: O a should be ignored Ob should be considered because it results in a tax savings Oc should be considered because it is a fixed cost. Od should be considered because it is a cash inflow Oe should be considered because, like other expenses, it is a cash outlay related to operations