Indicate whether the following statements are true or false.

Using accelerated depreciation for tax reporting increases the net present value of an asset's cash flows because it produces larger net cash inflows in the later years of the asset's life.

The process of restating cash flows in terms of their present values is called forecasting.

If two projects have the same risks, the same payback periods, and the same initial investments, they are not necessarily equally attractive.

A project with a net present value of zero should be considered because it meets the expected rate of return.

If net present values are used to evaluate multiple investments that have equal costs and equal total cash flows, the one with more cash flows in the later years has the higher net present value.