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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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