Question 5 1 pts The weighted average cost of capital (WACC) is always the correct discount rate for ALL of the firm's different projects and divisions. True False Question 6 1 pts When computing the weighted average cost of capital (WACC), historical book values of capital are always preferred. O True False Question 7 1 pts When evaluating a single project, the decision tool with arguably the fewest problems is the Net Present Value (NPV). O True O False Question 8 1 pts The internal rate of return (IRR) is best suited for projects with an initial upfront cost followed by positive cash flows. O True O False Question 9 1 pts The firm's earnings that are retained rather than paid out to shareholders can finance the firm's expansion. True False Question 10 1 pts The more spontaneous liabilities a firm has, the lower its need for additional funds will be, all else equal. O True O False Question The =NPV() and =IRR() functions in Excel both use all of a project's cash flows, starting with the current period. O True O False Question 12 1 pts Certain types of balance sheet liabilities tend to grow naturally with increases in sales. True O False