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12.The net present value of an investment project increases when: -The discount rate increases -Each cash flow is delayed by one year -The initial cost

12.The net present value of an investment project increases when:

-The discount rate increases

-Each cash flow is delayed by one year

-The initial cost of a project increases

-The discount rate decreases

-the average accounting return exceeds the profitability index

-None of the above

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