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 flows
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.
A.Only I. is True
B. Only II. is True
C. Both I. and II are True
D. Both I. and II. are False
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
