Which of the following statement is FALSE? The adjusted present value model extends the net present value model's principal of value additivity approach When making capital budgeting decisions, a subsidiary should use the discount rate that is specific to the risk of the project that the subsidiary is undertaking in the foreign country rather than the parent's cost of capital O Few capital budgeting at the subsidiary level have the same level of risk as the parent In the APV model, operating cash flows are discounted st sobsidiaries unlevered cost of equity. If subsidiaries use firm-level, rather than project specific cost of capital to make capital budgeting decisions over time risky projects with negative investment returns will be accepted