Question 8 (1 point) In cash flow estimation and risk analysis for a project we always include disposal or sale value of old equipment and terminal value of the current subject project we ignore changes in net operations working capital we ignore depreciation and amortization because they are non cash expenses we ignore tax rates Question 9 (1 point) Free cash flow is best defined as EBITDA less Capex unencumbered cash [EBIT (1-T)+D+A] - [capex +/- changes in WC] cash flow after taxes Question 10 (1 point) A holistic view of project risk analysis in capital budgeting looks at stand alone risk corporate risk market risk a all of the above