WHICH OF THE FOLLOWING STATEMENTS CONCERNING CASH FLOW ANALYSIS OF...

29. Which of the following statements concerning cash flow analysis of foreign projects is not true? A. the cash outflows and inflows should be analyzed on an after-tax basis B. the forecasts ordinarily come from data of similar ventures * C. foreign exchange rates need not be considered D. the forecasts may be made by such techniques as the percent-of-sales method E. two sets of cash flows must be made, one for the project itself and one for the parent company