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Cash Flow and Depreciation [LO1] When evaluating projects, we're concerned with only the relevant incremental aftertax cash flows. Therefore, because depreciation is a noncash expense,

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Cash Flow and Depreciation [LO1] "When evaluating projects, we're concerned with only the relevant incremental aftertax cash flows. Therefore, because depreciation is a noncash expense, we should ignore its effects when evaluating projects." Critically evaluate this statement

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