Which of the following statements is false? Corporations have an advantage of continuity since ownership can be easily transferred. In a sole proprietorship, there is a separation between the manager and the owner. In corporations, shareholders are owners with limited liability. Today, you are given a perpetuity. The perpetuity will pay one dollar one year from now, and this lasts forever. Suppose the discount rate is 2%. What is the price of such a perpetuity? Project A has an IRR of 30% while Project B has an IRR of 20%. Under which of the following situations might you be inclined to select Project B, assuming the projects to be mutually exclusive (assume you have enough cash to do either project)? You are comparing two annuities which offer annual payments for ten years. Both annuities are identical with the exception of the payment dates Annuity A pays at the beginning of each year while annuity B pays at the end of each year. Which one of the following statements is correct concerning these