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In terms of the capital budgeting process, net cash flows are a. the net cash outlays required to place a project in service. b. the

In terms of the capital budgeting process, net cash flows are

a. the net cash outlays required to place a project in service.

b. the funds invested in additional assets.

c. incremental changes in a firm's cash flow.

d. the outlays that have already been made.

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