Find the below multiple MCQs and select the correct answer:

1. In estimating after tax incremental operating cash include all of the following expect:

A. Sunk cost.

B. Opportunity cost.

C. Changes in working capital resulting from the project current liabilities.

D. Effect of inflation.

2. In calculating the costs of the individual components tax rate is important to which of the following component:

A. Common stock.

B. Debt.

C. Preferred stock.

D. None of the above.

3. The return shareholders require on their investment:

A. Dividend yield.

B. Cost of equity.

C. Capital gains yield.

D. Cost of capital.