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Explain what is meant by the incremental cash flow and tell me why the incremental cash flow is only relevant for the capital budgeting analysis.

Explain what is meant by the incremental cash flow and tell me why the incremental cash flow is only relevant for the capital budgeting analysis.
Explain in detail what the weighted average cost of capital (WACC) is and the role it plays in capital budgeting.
What are flotation costs and why must they be included in the initial cost of a project? Explain in detail

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