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16. Which of the following statements about capital budgeting is correct ? A. The timing of cash flows is irrelevant in capital budgeting B. A
16. Which of the following statements about capital budgeting is correct?
A. The timing of cash flows is irrelevant in capital budgeting
B. A company should use the same discount rate for all of its projects regardless of their risk
C. Interest expense on an outstanding loan is a relevant cost for capital budgeting
D. Proceeds forgone because a company used a building in a new project, rather than selling the building, is a relevant cost for capital budgeting
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