D Question 7 5 pts Evaluate whether each statement is true or false. 1. Weighted average cost of capital is a common measure used for minimum rate of return. True 2. Depreciation is a non-cash charge that lowers the amount of taxes owed. False 3. Consider two projects that are identical besides salvage value. The project with the higher salvage value will be more attractive because it always has a shorter payback period. False 4. The accounting rate of return is a strong evaluation method because it incorporates the time value of money. False 5. To find the present value factor of repeating, equal cash flows, you can use the present value of an annuity of $1 table. True