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    Exam 21: Capital Investment Decisions and the Time Value of Money
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    Cash Flows Used in NPV and IRR Analyses Include All
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Cash Flows Used in NPV and IRR Analyses Include All

Question 47

Question 47

Multiple Choice

Cash flows used in NPV and IRR analyses include all of the following EXCEPT:


A) future increased sales.
B) future cost savings.
C) depreciation expense.
D) residual value.

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