TRUE OR FALSE

1)The primary reason Payback isnt regularly used as a decision-making analytic is because it doesnt take time value of money into consideration. T/F

2)A firm with a high debt/equity ratio will always have higher FCF than one with a lower debt/equity ratio. T/F

3) T or F: The S Corp structure is specifically advantageous for new businesses because it allows owners to offset their income from other sources using past-year accumulated losses, thereby reducing their overall tax liability.