Question 22 Not yet answered Marked out of 1.00 P Flag question Gross profit is equal to Select one: a. profits plus depreciation b. earnings before taxes minus taxes payable C. revenues - expenses d. sales - cost of goods sold Question 23 Not yet answered Marked out of 1.00 P. Flag question Project A is expected to generate positive cash flow of $1 million in 10 years while Project B is expected to generate $500,000 in 5 years. Therefore, Select one: a. Project B is preferred because its cash flow is expected to be received sooner than the cash flow from Project A b. Both projects have equal value because they average $100,000 per year C. Project B may be preferred to Project A if the opportunity cost of money is high enough d. Project A is preferred because shareholder value is based on cash flow