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The reason cash flow is used in capital budgeting is because: A) cash includes all accounting accruals. B) to include the tax shield provided from

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The reason cash flow is used in capital budgeting is because: A) cash includes all accounting accruals. B) to include the tax shield provided from amortization ignores the cash flow provided by the machine which should be reinvested to replace old worn out machines. C) income is used to purchase new machines. D) cash outlays need to be evaluated in terms of the present value of the resultant cash inflows

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