Please help me with these following Finance questions. I appreciate your help! Thank you in advance.

5. Which of the statements below is FALSE?

a. A company could show an accounting loss for the operating period but have a generated positive cash flow for the business.

b. Profits are an accounting measure of performance during a specific period of time.

c. To obtain the operating cash flow, given the operating profit, we add back depreciation and subtract taxes.

d. Cash flow is an accounting measure of performance during a specific period of time.

e. None of the above

6. Simpson, Inc. is considering a five-year project that has an initial after tax outlay or after tax cost of $48,000. The respective future cash inflows from its project for years 1, 2, 3, 4 and 5 are: $15,000, $25,000, $35,000, $45,000 and -$70,000 (note that year 5 cash flow is negative). The appropriate discount rate for this project is 9%. Should Simpson accept the project?

a. Yes because the NPV is positive

b. No because the NPV is negative

c. No because the IRR is less than 9%

d. No because the IRR is greater than 9%

e. It cannot be determined

7. Allied Inc. is considering Project A and Project B, which are two mutually exclusive projects. Project A is an eight year project that has an initial outlay or cost of $180,000. Its future cash inflows for years 1 through 8 are $38,000. Project B is also an eight year project that has an initial outlay or cost of $160,000. Its future cash inflows for years 1 through 8 are $34,500. The appropriate discount rate for both projects is 7.5%. Which project should Allied accept?

a. Project A because it has a higher NPV

b. Project B because it has a higher IRR

c. Both projects should be accepted

d. Neither project should be accepted

e. Not enough information to solve this problem.

8. A firm purchased an asset that cost $1 million 3 years ago. In addition, the firm paid $100,000 in installation costs. The asset is classified as MACRS 3 year property class (MACRS depreciation schedule for 3 year property class is 33.33%, 44.45%, 14.81% and 7.41% for years 1, 2, 3 and 4 respectively). What is the book value today (at the end of year 3)?

a.$0

b.$74,100

c.$81,510

d.$148,100

e.$162,910