True or False:

28. A weakness of NPV is that intermittent cash flows are reinvested at the IRR.

29. A weakness of the payback period is that its too difficult.

30. The preferred approach for calculating cost of debt is the FITA approach.

31. Cost of debt and cost of preferred stock are the only WACC members that are adjusted for taxes.

33. Cannibalization is an example of opportunity cost.

34. Timing of projects does not impact the project's net present value.

35. Financing costs must be included in a project's after-tax cash flows.

36. Flotation costs are generally reflected in a project's after tax cash flows.

37. Profitability index is another way to look at NPV.

39.IRR's weakness include multiple IRRs