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13- All else equal, the inclusion of flotation costs in capital budgeting analysis will cause the: A) Net present value of a project to decrease.

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13- All else equal, the inclusion of flotation costs in capital budgeting analysis will cause the: A) Net present value of a project to decrease. B) Annual cash flows of a project to decrease. C) Initial cash outlay for a project to decrease. D) Debt-equity ratio of a firm to change. E) WACC to increase

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