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Do we need to apply taxes to expenses or we just ignore taxes because expenses are negative (profits)? Why? Can we compute IRR with no

  1. Do we need to apply taxes to expenses or we just ignore taxes because expenses are negative (profits)? Why?
  2. Can we compute IRR with no revenues? And payback? And profitability index? Why?

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Foundations Of Finance

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978-0134083285, 134083288, 978-0134084015

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