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The tax shield approach to computing the operating cash flow, given a tax-paying firm: Group of answer choices ignores all noncash expenses and their effects.

The tax shield approach to computing the operating cash flow, given a tax-paying firm: Group of answer choices

ignores all noncash expenses and their effects.

considers depreciation tax shield due to taxes.

considers the changes in net working capital resulting from a new project.

considers interest tax shield due to taxes.

ignores that depreciation creates a cash inflow.

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