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7.Which of the following is NOT a correct statement regarding break-even?

A.Accounting break-even is the sales level that results in zero project net income.

B.The cash break-even is the sales level that results in zero OCF.

C.The financial break-even is the sales level that results in an NPV greater than zero.

D.If there is depreciation, the accounting break-even will exceed the cash break-even.

E.Of the three break-evens, the financial break-even point is typically the highest.