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A collegue at your form notes that the firm should simply invest in projects when the PV of projected cash flow are positive and reject

A collegue at your form notes that the firm should simply invest in projects when the PV of projected cash flow are positive and reject ones where that PV is negative. Can you describe two situations that demonstrate when you might appropriately, fisrt, invest in these negative NPV projects, and second, hold off on projects that are positive NPV. Please describe the specific characteristics of these projects that you would need to consider before making your decision.

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