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What is the net present value? a. the future value of a projects cash flows plus its initial cost b. the present value of a

What is the net present value?

a. the future value of a projects cash flows plus its initial cost

b. the present value of a projects cash flows plus its initial cost

c. the future value of a projects cash flows minus its initial cost

d. the present value of a projects cash flows minus its initial cost

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