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Which capital budgeting model incorporates the time value of money and compares the dollars outlayed for the asset on day 1 with the present value

Which capital budgeting model incorporates the time value of money and compares the dollars outlayed for the asset on day 1 with the present value of all the future cashflows?

A.

Payback period

B.

Internal rate of return

C.

Accounting rate of return

D.

Net present value

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