Question
When a company assumes that there might be an economic downturn, it reduces the debt of the project.Assuming that this is a new project and
When a company assumes that there might be an economic downturn, it reduces the debt of the project.Assuming that this is a new project and cash positive cash flows are sparse, is it then a good idea to reduce debt? How would this impact future considerations when additional cash might be needed?
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
