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Which of the following statements is correct? A project with conventional cash flows is one with an initial cash outflow followed by one or more

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Which of the following statements is correct? A project with conventional cash flows is one with an initial cash outflow followed by one or more cash inflows. All the answers are correct. When two projects are independent, accepting one project implicitly eliminates the other. The NPV method determines how much the future value of cash inflows exceeds the present value of costs. Conventional cash flow patterns could lead to conflicting decisions by NPV and IRR

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