Mason Webb makes the following statements to his boss, Laine DeWalt about the principles of capital budgeting. Statement 1: Opportunity costs are not true cash outflows and should not be considered in a capital budgeting analysis. Statement 2: Cash flows should be analyzed on an after-tax basis. Should DeWalt agree or disagree with Webb’s statementsStatement 1 Statement 2（）
A. Agree Agree
B. Disagree Disagree
C. Disagree Agree
参考答案：C
解析：
DeWalt should disagree with Webb’s first statement. Cash flows are based on opportunity costs. Any cash flows that the firm gives up because a project is undertaken should be charged to the project. DeWalt should agree with Webb’s second statement. The impact of taxes must be considered when analyzing capital budgeting projects.