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3a. How does the production cycle affect the working capital of a company? 3b. What do you mean by floatation cost? 3c. Despite the companies

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3a. How does the production cycle affect the working capital of a company? 3b. What do you mean by floatation cost? 3c. Despite the companies are going concerns, why they use the optimal renewal time and the option to abandon investment appraisal

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