Question
Consider the following two statements: (I) The interest paid on funds borrowed to finance a project must be included in estimates of the project's cash
Consider the following two statements:
(I) The interest paid on funds borrowed to finance a project must be included in estimates of the project's cash flows since debt is a source of capital
(II) An increase in Net Working Capital (NWC) represents a cash outflow.
| Only I. is True | ||
| Only II. is True | ||
| Both I. and II are True | ||
| Both I. and II. are False |
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
