1. [2 pts.] False statement: When mutually exclusive projects are evaluated, incremental analysis is not necessary between projects. Corrected Statement: When independent projects are evaluated, incremental analysis is not necessary between projects. 2. [ 2 pts. ] False statement: If MARR 1.0, choose the lower cost alternative. Corrected Statement: If AB/C 1.0, choose the lower cost alternative. 4. [2 pts. ) False statement: Initial investment cost of the presently-owned asset is considered to be opportunity cost. Corrected Statement: Initial investment cost of the presently-owned asset is considered to be cost. 5. [2 pts. ] False statement: Life cycle refers to the asset retention time that yields its lowest equivalent AW. Corrected Statement: refers to the asset retention time that yields its lowest equivalent AW. 6. [2 pts. ] False statement: If Ai* > MARR, keep the defender. Corrected Statement: If Ai*