Which of the following is the best definition of the Valuation Principle? Group of answer choices In frictionless competitive markets perfect substitutes must have identical prices. Values of assets to individuals and firms are determined by their competitive market prices To compare values across time you must calculate equivalent values. If pursuing a new capital budgeting investment opportunity decreases the incremental earnings from an existing project then the decreased incremental earnings: Group of answer choices should be included when calculating free cash flows to determine the NPV of the new project. are not relevant because earnings are not cash flows. should be ignored because they relate to a different project