Benefits expected from proposed capital expenditures $\_\_\_\_\_\_\_\_.$

Question $28$ options:

must be on an after$-$tax basis because no benefits may be used until tax claims are satisfied

may be valued either on pre$-$tax or after$-$tax basis based on the size of the firm

must be on a pre$-$tax basis because it provides the true position of profits by the firm

are the same whether valued on a pre$-$tax basis or a$$post$-$tax$$basis