10 pt 6. Which of the following is false? a. If a firm's projects differ in risk, then one way of handling this problem is to evaluate each project with the appropriate risk-adjusted discount rate. b. All incremental cash flows should be considered when making accept/reject decisions for capital budgeting projects. c. Investments in net operating working capital should not be considered in a capital budgeting cash flow analysis because capital budgeting relates to fixed assets, not working capital. d. If an investment project would make use of land which the firm currently owns, the project should be charged with the opportunity cost of the land. Question 7 10 pts 7. Annapolis Inc is considering a new project. The annual incremental revenue for the project is $22,500. The change in annual non-depreciation operating costs is $12,000 and the annual depreciation on the new asset is $8,000. The company's tax rate is 35%. What is the expected annual differential after tax cash flow? a. $9.625.00 b. $9.686.89 c. $8.772.22 d. $9.137.50 e. $8.863.05