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Questi

Which of the following statements is FALSE?

A$.$ Since depreciation is not a cash flow, it can be ignored when calculating free cash flows.

B$.$ The opportunity cost of using a resource is the value it could have provided in its best alternative use.

C$.$ Investments in plant, property, and equipment are directly listed as expense when calculating earnings.

D$.$ The marginal corporate tax rate is the tax rate the firm will pay on an incremental dollar of pre$-$tax incom