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A Finance Manager in his review of investment projects, focus on relevant incremental after-tax Cash flows. However, depreciation is a non-cash expense, and as such
A Finance Manager in his review of investment projects, focus on relevant incremental after-tax Cash flows. However, depreciation is a non-cash expense, and as such Finance Manager tends to ignore its effects when evaluating projects. Critically evaluate this statement with great detail. ( 5 marks)
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