Which of the following statements is false? The marginal corporate tax rate is the tax rate the firm will pay on an incremental dollar of pre-tax income. Investments in plant, property, and equipment are directly listed as expense when calculating earnings. The opportunity cost of using a resource is the value it could have provided in its best alternative use. The capital budgeting process begins by compiling a list of potential projects. We begin the capital budgeting process by determining the incremental earnings of a project