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Which one of the following methods of investment appraisal uses annual profits (losses) rather than annual cash flows when evaluating investment opportunities? a. Net present

Which one of the following methods of investment appraisal uses annual profits (losses) rather than annual cash flows when evaluating investment opportunities? a. Net present value O b. Internal rate of return O c. Payback period d. Accounting rate of return e. Net present value and Internal rate of return

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