If a MNC receives a concessionary loan on a foreign investment, how would the loan be treated in capital budgeting according to what we have learned in the course? As a cash inflow today to add in the calculation of the APV As a cash outflow today to add in the calculation of the APV As a cash inflow in the future to add in the calculation of the NPV As a cash outflow in the future to add in the calculation of the NPV No new data to save. Last checked at 7:15pm