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Which of the following cash flows are not considered in the calculation of the terminal cash-flow for a capital investment proposal? Salvage price of the

Which of the following cash flows are not considered in the calculation of the terminal cash-flow for a capital investment proposal?

Salvage price of the asset

Book value of the asset

Tax effect on Capital Loss/Gain

cost of issuing new bonds to finance the new project.

net working capital.

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