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When evaluating a project, a firm's managers should select projects whose cash flows Select the best choice below) 0 A. exceed some target cash flow
When evaluating a project, a firm's managers should select projects whose cash flows Select the best choice below) 0 A. exceed some target cash flow level set by management. O B. have the lowest NPVs after discounting cash flows by the project's capital cost O C. are subject to less risk than competing projects O D. result in a return that exceeds the cost of funds to finance the project. 0 E. produce higher returns than the firm's average cost of capital
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