Which of the following statements is FALSE? The incremental effect of a project on the firm's available cash is the project's free cash flow. The terminal value of a project represents the market value las of the last forecast period of the free cash flows from the project at all future dates. The change in net working capital associated with new projects is always positive because a new project means that more working capital will be required To evaluate a capital budgeting decision, we must determine its consequences for the firm's available cash