Q21. Which of the following statements is FALSE? A. A firm's market value of equity is typically higher than its book value of equity. B. A firm should always invest in a project if its future total cash flows exceed the project's upfront cost. C. In a growing perpetuity, the discount rate is higher than the growth rate. D. A firm's internal growth rate can NOT be higher than its sustainable growth rate. Q22. Which of the following financial statements provides a snapshot of the financial position of a firm at a particular point in time? A. Income Statement B. Statement of Cash Flows C. Statement of Retained Earnings D. Balance Sheet