Which of the following statements is generally true?

A. Firm can choose among many different projects in which to invest, including the launch of a new product line. This decision process and the valuation of these projects is what we refer to as Capital Budgeting.

B. Project managers are typically involved with the long-term financing and capital structure decisions of a corporation.

C. Incremental cash flows from changes in net working capital caused by new projects are measured only for accounting purposes and do not impact capital budgeting valuation.