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The cash flows used in capital budgeting calculations are: a.taken fromthepasthistoryandbackwardlooking. b.based onforecasts of future cash revenues,expenses,and investment outlays. c.basedonforecasts of accountingnet income. d.based on

The cash flows used in capital budgeting calculations are:

a.taken fromthepasthistoryandbackwardlooking.

b.based onforecasts of future cash revenues,expenses,and investment outlays.

c.basedonforecasts of accountingnet income.

d.based on forecasts of retained earnings and debt available for financing projects.

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