) When you assign the lowest anticipated sales price and the highest anticipated costs to a project, you are analyzing the project under the condition known as: A) base-case scenario analysis. B) best-case scenario analysis. C) worst-case sensitivity analysis. D) worst-case scenario analysis. E) best-case sensitivity analysis. 9) You are considering the purchase of a new machine. Your analysis includes the evaluation of two machines that have differing initial and ongoing costs and differing lives. Whichever machine is purchased will be replaced at the end of its useful life. You should select the machine that has the: A) longest life. B) lowest equivalent annual cost. C) highest equivalent annual cost. D) highest annual operating cost. E) lowest annual operating cost. 10) Which one of the following statements is correct concerning bid prices? A) A bid price should be computed based solely on the operating cash flows of the project B) A firm can submit a bid that is higher than the computed bid price and still break even. C) The bid price is the maximum price that a firm should bid. D) A bid price should be computed based on a zero percent required rate of return. E) A bid price ignores taxes. II) You have calculated the pro forma net income for a new project to be $46,410. The taxes are $23,380 and depreciation is $17,440. What is the operating cash flow? A) $69,790 B) $46,410 C) $28,970 D) $87,230 E) $63,850