Which of the following statements is FALSE? O A For most investment opportunities expenses occur initially and cash is received later OB. The more cash the firm uses to repurchase shares, the less it has available to pay dividends OC. We estimate a project's value by computing the present value of the project's free cash flow OD. Free cash flow measures the cash generated by the firm after payments to debt or equity holders are considered O E It is possible that there is no discount rate that will set the NPV equal to zero