QUESTION 2 When ranking mutually exclusive projects, we should pick the project with the highest intemal rate of return (IRR). True False QUESTION 3 The tax savings that result from the ability to deduct depreciation expenses are called depreciation tax shields. by True 0 False QUESTION 4 The internal rate of return (IRR) rule should not be used if cash inflows precede cash outflows! True O False QUESTIONS Because of the time value of money isina firm's best interest to use the most accelerated method of depreciation that is allowable for tax purposes. True False QUESTION 6 When evaluating a new project we do not include intere enses they are related to the fimis financing decision True False QUESTIONIZ According to the IRR decision rule thou daddeprie projectiftnternal water return greater than its most of capital. True i False