Which of the Following Is (Are)a Basic Principle(s)when Estimating a Project's

Multiple Choice

Which of the following is (are) a basic principle(s) when estimating a project's cash flows?

A) cash flows should be measured on a pre-tax basis
B) cash flows should ignore depreciation since it is a non-cash charge
C) only direct effects of a project should be included in the cash flow calculations
D) cash flows should be measured on an incremental basis
E) all of the above