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If any project is to have a positive NPV, advocates of that project: a. Should be able to articulate a project's competitive advantage prior to

If any project is to have a positive NPV, advocates of that project:

a. Should be able to articulate a project's competitive advantage prior to crunching the numbers.

b. Should show that the present value of the outflows must exceed the present value of the inflows.

c. Need only crunch the numbers to determine if it will be successful.

d. Should insert their own personal optimistic biases into the cash flow estimates.

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