Which of the Following Statements Is False

Which of the following statements is false?

A) By ignoring intangible benefits, capital budgeting techniques might incorrectly eliminate projects that could be beneficial to the company.
B) To avoid accepting projects that actually should be rejected, a company should ignore intangible benefits in calculating net present value.
C) One way of incorporating intangible benefits into the capital budgeting decision is to project conservative estimates of the value of the intangible benefits and include them in the NPV calculation.
D) Intangible benefits include increased quality, improved safety or greater employment loyalty.