Which of the following statement is FALSE? A A capital budget lists the projects and investments that a company plans to undertake during the coming year. When sales of a new product displace sales of an existing product the situation is often referred to as cannibalization B. OC. The opportunity cost of using a resource is the value it could have provided in its best alternative use. D In capital budgeting, sunk costs, along with the cost of sales, should be deducted from incremental sales