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The inclusion of flotation costs in capital budgeting analysis will cause the: a. Net present value of a project to decrease. b. Debt-equity ratio of
The inclusion of flotation costs in capital budgeting analysis will cause the:
a. Net present value of a project to decrease.
b. Debt-equity ratio of a firm to change.
c. Annual cash flows of a project to decrease.
d. Initial cash outlay for a project to decrease.
e. WACC to increase.
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