Which of the following statements is INCORRECT? A. In general, money today is worth more than money in one year. B. We define the risk-free interest rate, rf for a

given period as the interest rate at which money can be borrowed or lent without risk over that period. C. We refer to (1- rf) as the interest rate factor for risk-free cash flows. D. For most financial decisions, costs and benefits occur at different points in time.