Which of the following statements is false?

A		When evaluating a capital budgeting project, financial managers should make the decision that maximizes NPV.
B		The most difficult part of capital budgeting is deciding how to estimate the cash flows and the cost of capital.
C		The break-even level of an input is the level for which the investment has an IRR of zero.
	D	Sensitivity analysis reveals which aspects of the project are most critical when we are actually managing the project.