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1. For which situation below would one need to smooth out'I the variation in each set of cash flows so that each become an annuity

1. For which situation below would one need to "smooth out'I the variation in each set of cash flows so that each become an annuity or perpetuity? A. choosing between projects with differing risks B. choosing between independent project C. choosing between alternative assets with differing lives D. choosing between alternative assets with equal lives

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