1. We can use the ___ to estimate a project's operating cash flow each period

a. modified income statement format

b. income statement format

c. balance sheet format

d. annual report format

2. Fully depreciated assets___, and so any proceeds from sale at disposal are taxable gains

a. always have a market value of zero

b. have a positive book value

c. have a negative market value

d. have a book value of zero

3. Whenever a new product competes against a company's already existing products and reduces the sales of those products, ___ occur.

a. erosion costs

b. opportunity costs

c. sunk costs

d. working capital costs