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27. In investment valuation, we generally adjust for the following, EXCEPT: a. Pre-tax cash flows are more valuable than after-tax cash flows X b. Future

27. In investment valuation, we generally adjust for the following, EXCEPT: a. Pre-tax cash flows are more valuable than after-tax cash flows X b. Future cash flows are less valuable than current cash flows C. Risky cash flows are less valuable than risk-free cash flows d. All of the above

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