Which of the followning is true regarding the dopreciation method to use when determining the projected cash flows for a capital budgeting project?

Depreciation methods are irrelevant in calculating cash flows for capital budgeting.

Any cepreciation mothod that is acceptable for financial reporting can be used.

Only the deprecation method required by the tax codo should be used.

Deprecation of a capital asset can always be taken at $100\%$ in the first year.