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Between two mutually exclusive projects, we should choose the one whose profitability is higher. We do not count the equipment that has been held

Between two mutually exclusive projects, we should choose the one whose profitability is higher. nWe do not count the equipme

Between two mutually exclusive projects, we should choose the one whose profitability is higher. We do not count the equipment that has been held in the capital budgeting process. All else equal, the decrease of account payable leads to a decrease of the free cash flow. The capital expenditure equals the difference between the ending and beginning balances of fixed assets.

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