To calculate straight-line depreciation, you divide the purchase price of the investment by the asset's expected economic life

Cheques can be paid only to the party named on the face of the instrument

Indicate whether the statement is true or false

Data Corp is considering which of 4 different projects to undertake in order to maximize its net present value (NPV). Define Xi as a binary variable that equals 1 if project i is undertaken and 0 otherwise, for

i = 1, 2, 3, 4. The NPV and required capital (in millions) for each project are listed below. Project Net Present Value Capital Required 1 40 9 2 80 13 3 10 3 4 90 8 Which of the following represents the constraint stating that project 3 can be undertaken only if project 2 is undertaken? A) X2 + X3 ? 1 B) X2 - X3 ? 0 C) X3 - X2 ? 0 D) X2 - X3 ? 1 E) X3 - X2 ? 1