Multiple choice questions (51 points= 17 * 3 points each) Oct 3, 2022 1 . (3 points) By definition, which one of the following must equal zero at the financial break-even point? A. Net present value. B. Contribution margin. C. Net income. D. Operating cash flow. A. stock options (3 points) Which one of the following is a means by which shareholders can replace company management? B. promotion C. agency play D. proxy fight (3 points) The amount of net capital spending (NCS): A. is equal to ending net fixed assets minus beginning net fixed assets. B. is equal to ending net fixed assets minus beginning net fixed assets plus the depreciation expense. C. is equivalent to the cash flow from assets - the operating cash flow - the change in net working capital. D. is equal to the net change in the current accounts. (3 points) Webster World has sales of $13,800, costs of $5,800, depreciation expense of $1, 100, and interest expense of $700. What is the operating cash flow if the tax rate is 32 percent? (This is NOT for capital budgeting purpose). A. $7,704 B. $5,969 C. $6,016 D. $7,036 and the highest anticipated costs to a project, you are