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All of the following are problems that may arise when correcting for unequal project lives except that accepting a long-term project ensures that the firm

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All of the following are problems that may arise when correcting for unequal project lives except that accepting a long-term project ensures that the firm can accept other short-term projects that become available later. cash flows estimated over longer time periods are subject to more error. replacement projects may be unavailable. inflation may increase the cost of replacement projects. improved technology may lower future project prices

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