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Which of the following statement is incorrect? a. the further into the future a cash receipt is expected to occur, the lower is its present
Which of the following statement is incorrect?
a. the further into the future a cash receipt is expected to occur, the lower is its present value.
b. the return on investment measures the compensation a company expects to receive from investing in capital assets.
c. most companies use their cost of capital to estimate the minimum return on investment required from capital investments.
d. when a company invests in capital assets, it sacrifieces future dollors for the opportunity to receive present dollars.
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