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Net present value analysis can be a poor choice for capital budgeting analysis because: A. It uses a risk-adjusted discount rate B. It does not

  1. Net present value analysis can be a poor choice for capital budgeting analysis because:

    A.

    It uses a risk-adjusted discount rate

    B.

    It does not include the impact of depreciation on income taxes

    C.

    Cash flow projections may be inaccurate

    D.

    Managers tend to be conservative with their cash flow projections

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