Write T for true an F for false for each statement below

1. Forecasts of salvage value of MNC direct investment can range from the extreme case of near certainty to complete uncertainty

2. The Net Present Value method finds the discount rate that equates the present value of future inflows and outflows

3. From the revenue related factors, tax costs are treated by either reducing the cash flows by the incremental tax payments as a separate entity, or by pooling all subsidiaries pre-tax earnings and reduce it by the global subsidiary income tax payments

4. The explicit cost of capital can be represented by the discount rate that make the present value of incremental flows equal to the present value of the outflows