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Why does the NPV method of evaluating an investment proposal require that the cash inflows of a project be discounted to the present? a. It

Why does the NPV method of evaluating an investment proposal require that the cash inflows of a project be discounted to the present? a. It is the only way to arrive at the shareholders wealth. b. It provides a measurement of the value of an investment in terms of todays dollars. c. This enables the analyst to determine the amount of the investment outlay. d. The IT Department requires it.

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