if two projects are "mutually exclusive", accepting one of them forces the manager to reject the other one. True 1 False US MACRS depreciation will typically generate a lower NPV than straight-line depreciation O True 2 O False A firm with both equity and debt in its capital structure is called a "levered firm" True 3 False PRIS If a project's cash flows contain a single inflow followed by a series of outflows, a high IRR is worse for the firm than a low IRR. O True 4 O False X u points The annual depreciation tax shield is the tax rate multiplied by the annual depreciation amount. O True 5 False