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For which situation below would one need to smooth out the variation in each set of cash flows so that each become a perpetuity? A.

For which situation below would one need to "smooth out" the variation in each set of cash flows

so that each become a perpetuity?

A. choosing between projects with differing risks

B. choosing between independent project

C. choosing between alternative assets with differing lives

D. choosing between alternative assets with equal lives

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