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    Intermediate Financial Management Study Set 2
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    Exam 12: Capital Budgeting: Decision Criteria
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    Because Present Value Refers to the Value of Cash Flows
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Because Present Value Refers to the Value of Cash Flows

Question 35

Question 35

True/False

Because present value refers to the value of cash flows that occur at different points in time, present values cannot be added to determine the value of a capital budgeting project.

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