Question
Accepting a project with a ________ NPV makes the firm worse off financially because the cost of the investment exceeds the ________. A. positive; present
Accepting a project with a ________ NPV makes the firm worse off financially because the cost of the investment exceeds the ________.
A. positive; present value of future benefits
B. positive; present value of present cash flows
C. negative; present value of future cash flows
D. negative; present value of present cash flows
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Financial Accounting International Edition
Authors: Jeffrey Waybright, Robert Kemp
1st Edition
0137067798, 978-0137067794
