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In capital budget the future cash flaws that we disount for PV ..are they reinvested for the rest of the projected period consideration or are

In capital budget the future cash flaws that we disount for PV ..are they reinvested for the rest of the projected period consideration or are they considered withdrawn?

If they are reinvest

They are to be considered as reinvested or they must be reinvested. If not reinvested will it affect my capital budgeting decision (based on NPV)?

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