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Flotation costs should: Select one: a. Be averaged over the life of the project thereby reducing the cash flows for each year of the project.

Flotation costs should:

Select one:

a. Be averaged over the life of the project thereby reducing the cash flows for each year of the project.

b. Only be considered when two projects have the same net present value.

c. Be ignored when analyzing a project because flotation costs are not an actual cost of the project.

d. Be included in the initial cost of a project before the net present value of the project is computed

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