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The inclusion of flotation costs in capital budgeting analysis will cause the: Select one: a. Initial cash outlay for a project to decrease. b. WACC

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

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