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In a capital budgeting situation, an investment should be accepted when the present value of the cash receipts exceeds the future value of the cash

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In a capital budgeting situation, an investment should be accepted when the present value of the cash receipts exceeds the future value of the cash payments. the future value of the cash receipts exceeds the present value of the cash payments. the present value of the cash receipts exceeds the present value of the cash payments. the future value of the cash receipts exceeds the future value of the cash payments

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