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The net present value of a project is the sum of all discounted cash flows the sum of all discounted cash inflows the initial investment
The net present value of a project is the sum of all discounted cash flows the sum of all discounted cash inflows the initial investment divided by the average operating profit an annuity expense, discounted to its future value
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Accounting
Authors: Carl S. Warren, James M. Reeve, Philip E. Fess
19th Edition
0538869720, 978-0538869720
