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Which of the following is the best definition for incremental cash flows? The difference between a firm's future cash flows with a project and without

Which of the following is the best definition for incremental cash flows?

The difference between a firm's future cash flows with a project and without the project.

Evaluation of a project based on the project's incremental cash flows.

Tax saving that results from the CCA deduction, calculated as depreciation multiplied by the corporate tax rate.

The present value of a project's costs calculated on an annual basis.

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