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What is salvage value? Why do we 'recover' NWC? What is depreciation, and why is it added back in the analysis of cash flows? Why

What is salvage value? Why do we 'recover' NWC?

What is depreciation, and why is it added back in the analysis of cash flows?

Why is interest expense not a part of the calculation of the operating cash flow?

Explain the significance of NPV, IRR, MIRR, PB, DPB and PI and make a convincing argument for the acceptance or rejection of this investment.

WHICH IS THE MOST RELIABLE MEASURE?

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