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Which one of the following does NOT affect the decision on the relative proportions of internal and external finance to be used for a capital
Which one of the following does NOT affect the decision on the relative proportions of internal and external finance to be used for a capital investment project?
A. The availability of external sources of finance
B. The cash flow from existing operations
C. The proportions of internal and external finance used by competitors
D. The opportunity cost of retained earnings
Please elaborate on the correct answer
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