Vertical integration is the involvement by a company in one of the steps from securing basic raw materials to the production and distribution of a finished product. A.) True B.) False Preference decisions attempt to determine which of many alternative investment projects would be the best for the company to accept. A.) True B.) False If new equipment is replacing old equipment, any salvage received from sale of the old equipment should not be considered in computing the payback period of the new equipment. A.) True B.) False If the internal rate of return exceeds the required rate of return for a project, then the project should be acceptable. A.) True B.) False