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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 20
According to Norstrom's criterion, the one statement below that is correct is:
a) The cumulative cash flow must start out positively.
b) The cumulative cash flow must start out negatively.
c) The cumulative cash flow must equal 0.
d) The net cash flow must start out positively.
a) The cumulative cash flow must start out positively.
b) The cumulative cash flow must start out negatively.
c) The cumulative cash flow must equal 0.
d) The net cash flow must start out positively.
Explanation
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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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