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Which of the following statements is TRUE? NPV should never be used if the project under consideration has non-conventional cash flows. If the financial manager

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Which of the following statements is TRUE? NPV should never be used if the project under consideration has non-conventional cash flows. If the financial manager relies on NPV in making capital budgeting decisions, she acts in the shareholders' best interests. NPV is a cost/benefit ratio. NPV can normally be directly observed in the marketplace. The PI is generally preferred to NPV in making correct capital budgeting acceptance decisions

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