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The value of a firmincreases when a new project with a negative NPV is accepted. equals the sum of the individual values of the firm's

The value of a firmincreases when a new project with a negative NPV is accepted. equals the sum of the individual values of the firm's projects and divisions. is unaffected by the value of any one individual project. increases when a project with a zero NPV is accepted. is equal to the sum of all future cash flows derived from the firm's projects.

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