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Question 15 2 pts Which one of the following statements is False? The choice between MACRS and straight-line depreciation is purely a time value issue,

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Question 15 2 pts Which one of the following statements is False? The choice between MACRS and straight-line depreciation is purely a time value issue, the total depreciation is the same, only the timing differs A capital budgeting project's cash flows, including the total up-front cost of the project, are typically known with certainty before the project starts To maximize shareholder wealth, a financial manager needs to find capital budgeting projects that have positive net present values The depreciation tax shield is the cash tax savings the firm receives from its (non-cash) depreciation expense

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