Which of the following statements is false? One way of incorporating intangible benefits into the capital budgeting decision is to project conservative estimates of the value of the intangible benefits and include them in the NPV calculation. To avoid accepting projects that actually should be rejected, a company should ignore intangible benefits in calculating net present value. Intangible benefits include increased quality, improved safety or greater employment loyalty. By ignoring intangible benefits, capital budgeting techyjiques might incorrectly eliminate projects that could be beneficial to the compary