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Which of the following must be considered in computing the terminal value of a replacement project? a. after- tax proceeds from the sale of a

Which of the following must be considered in computing the terminal value of a replacement project?

a. after- tax proceeds from the sale of a new asset

b. before- tax proceeds from the sale of a new asset

c. operating cash flow for the final year

d. before- tax proceeds from the sale of an old asset

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