$2.$ Cash flows. True or false?a$.$ A projects depreciation tax shields depend on the actual future rate of inflation.b$.$ Project cash flows should take account of interest paid on any borrowing undertaken tofinance the project.c$.$ In the United States, income reported to the tax authorities must equal income reportedto shareholders.d$.$ Accelerated depreciation reduces near$-$term project cash flows and therefore reducesproject NPV$.$