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A project has a net present value of zero. Which one of the following best describes this project? The project has a zero percent rate
A project has a net present value of zero. Which one of the following best describes this project?
- The project has a zero percent rate of return.
- The project requires no initial cash investment.
- The project has no cash flows.
- The summation of all of the project's cash flows is zero.
- The project's cash inflows equal its cash outflows in current dollar terms.
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