QUESTION 18

1. Which of the following statements is false?

   	A.	Because sunk costs have been or will be paid regardless of the decision whether or not to proceed with a project, they should be excluded from incremental earnings of the project
   	B.	Because the opportunity cost of using a resource for a project is the value the resource could have provided in its best alternative use, we should include the opportunity cost as an incremental cost of the project
   	C.	When calculating a projects free cash flows, we generally include financing costs such as interest expenses
   	D.	When calculating a projects cost of capital, we generally include financing costs such as interest expenses