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When considering cash flows for projects, we estimate expected future cash flows of a project. What is a general rule for what cash flows to

When considering cash flows for projects, we estimate expected future cash flows of a project. What is a general rule for what cash flows to include?

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  • Focus on cash flow from sunk cost

  • Focus on all numbers from the income statement

  • Focus on incremental cash flows

  • Focus on cash flow associated with cost of equity and cost of debt

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