(Appendix 8C)Unless the organization is tax-exempt, income taxes should be considered when using net present value analysis to make capital budgeting decisions.

Name: (Appendix 8C)Unless the organization is tax-exempt, income taxes should be considered when using net present value analysis to make capital budgeting decisions.
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Income taxes are a significant cost that should be considered in capital budgeting decisions, unless the organization is tax-exempt. Therefore, the statement is true.

(Appendix 8C)Unless the Organization Is Tax-Exempt, Income Taxes Should Be