True or False

41. There are only two things a company can do with its profits, pay dividends and retain profits.

42.The investment cash flows for a project typically carry a positive sign.

43. A positive of NPV is its currency units.

44.A project uses the WACC of the country where the capital is raised regardless of where the project is built.

45.The CAPM approach is too difficult to be used often as a project's cost of equity.

47.Flotation costs are a measure of how much it costs to raise funds.

48.A board of directors oversees executives in a firm.

50. WACC is a measure of a company's marginal cost of new funds.