Your answer: (CHAPTER 10) TRUE OR FALSE? The following cash flows are relevant to proposed project valuation. Money paid over the last few months to local consultants to make projections for future sales revenues of the proposed project Expenditures made over the last weeks on upgrading existing production equipment that the managers are now considering using for the proposed project Wages that would be paid every year to the employees who would be working on the proposed project Interest payments on loans that would be taken to raise $$ for the initial investment