Topic Corporate Finance. Please answer multiple choice question:

Which of the following statements is False? a) The project's free cash flow to equity (FCFE) shows the expected amount of additional cash the firm will have available to pay dividends but not to buy back shares each year. b) The NPV of the project's FCFE should be identical to the NPV computed using the WACC and APV methods. c) The value of the project's FCFE represents the gain to shareholders from the project. d) None of the above.