Which of the following statements is/are false about incremental cash flows? (select all that apply) Sunk costs remain the same whether or not you accept the project. Therefore, they do not affect project NPV. When forecasting incremental cash flow, you should always ignore all indirect effects from accepting the project. Increases in working capital result in cash outflows. Opportunity costs are irrelevant when making capital budgeting decisions. Kronlund Corp.currently sells 10 million bike tires each year at a price of $21 per tire. It is about to introduce a new tire, and it forecasts annual sales of 19 million of these improved tires at a price of $23 each. However, demand for the old tire will decrease, and sales of the old tire are expected to fall to 3 million per year (note, this says "fall TO 3 million per year," not "fall BY."). The old tire costs $5 each to manufacture, and the new ones will cost $9 each to make. What is the proper annual cash flow to use to evaluate the present value of the introduction of the new tire? (Hint: Realized cash inflows from new tire sales minus unrealized cash inflows from old tire sales.) You may ignore any effect from taxes (or assume the corporate tax rate is 0). Answer in $MILLION but without the dollar sign (e.g., "10.2" means $10.2 million dollars) Type your