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A foreign capital budgeting project generates a negative cash flow in year 1 and positive cash flows in years 2 through 5 . The NPV

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A foreign capital budgeting project generates a negative cash flow in year 1 and positive cash flows in years 2 through 5 . The NPV for this project will be higher if the foreign currency in year 1 and in years 2 through 5. depreciates; depreciates appreciates; appreciates depreciates appreciates appreciates; depreciates

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