(a) (b) (c) (d) (e) QUESTION 2 There are five (5) statements given under the question. Identify the statements as True or [5 x 1 = 5 MARKS] False. If the statement is false, rewrite the statement on the answer script to make it 'True'. Reasoning is NOT required. Follow the example given below in providing your answer. Example: (a) ICMAB stands for the Industrial Cost Management and Accounting of Bangladesh. Answer: (a) False. ICMAB stands for the Institute of Cost and Management Accountants of Bangladesh. Note: You will not get any mark if you simply rewrite as ICMAB does not stand for the Industrial Cost Management Accountants of Bangladesh. If the statement is true, you need NOT to rewrite the statement rather only mention that the statement is True. If a project's cash flows are discounted at the internal rate of return, the NPV will be zero. The asset beta is the beta of the publically traded stock of the firm. Investors can expect to be compensated with higher returns for bearing unsystematic risk. Companies with high growth rates tend to have high dividend-payout ratios. If a company has no fixed costs, its degree of operating leverage (DOL) equals 1.