a. What is the definition of project operating cash flow? How does this differ from net income?

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a. What is the definition of project operating cash flow? How does this differ from net income?
b. For the shark attractant project, why did we add back the firm’s net working capital investment in the final year?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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