Which statement is true?

	A.	Salvage value of a capital investment at the end of the project is either less or greater than its selling price due to taxes.
	B.	The revenue lost due to competing producst is called erosion costs but it is not relevant in incremental cash flow estimation.
	C.	Initial investment in working capital is usually recovered at the end of the project.
	D.	WACC is typically higher than the hurdle rate that is used in IRR capital budgeting model.