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When giving consideration to long-range investment decisions, which of the following best describes the time value of money: a.assuming equal annual cash flow patterns b.assigning

When giving consideration to long-range investment decisions, which of the following best describes the time value of money:

a.assuming equal annual cash flow patterns

b.assigning greater value to more immediate cash flows

c.weighting cash flows with subjective probabilities

d.investing only in short- term projects

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