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When assembling the cash flows to calculate an NPV or IRR, the projects after-tax interest expenses should be subtracted from the cash flows for: Both

When assembling the cash flows to calculate an NPV or IRR, the projects after-tax interest expenses should be subtracted from the cash flows for:

Both the NPV calculation and the IRR calculation.

Neither the NPV calculation nor the IRR calculation.

The IRR calculation, but not the NPV calculation.

The NPV calculation, but not the IRR calculation.

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