Which of the following statements about the relevant cash flows for a project is not correct?

(A)

Relevant cash flow is the additional free cash flow that a firm can expect from the project.

(B)

Relevant cash flow is the specific set of the cash flows that the company can expect it if implements the project.

(C)

Capital budgeting analysis can be based on cash flows or accounting income.

(D) This isn't correct answer

Relevant cash flows won't exist if the firm doesn't implement the project.