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What do you understand by the words 'cumulative operating cash flows and tail? Discuss in detail. What are the different cover ratios you know? Discuss

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What do you understand by the words 'cumulative operating cash flows" and "tail? Discuss in detail. What are the different cover ratios you know? Discuss each of them in detail Why are they important? How and why do we do simulation while evaluating a project financing proposal? Discuss

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