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Which of the following statements is correct? Group of answer choices The process of limiting, or rationing, capital expenditures among possible projects is called capital
Which of the following statements is correct? Group of answer choices
The process of limiting, or rationing, capital expenditures among possible projects is called capital budgeting.
The NPV provides a direct (dollar) measure of how much a capital project will increase the value of the firm.
The NPV cannot be used effectively for projects with unconventional cash flows.
All the answers are correct.
The decision criterion for the accounting rate of return is consistent with the goal of shareholder wealth maximization.
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