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3. BASIC PRINCIPLES OF CAPITAL BUDGETING rtunity costs. What are the incremental cash flows that occur with an investment compared to what they would have been without the investment?
Cash flows are analyzed on an after-tax basis. Taxes must be fully reflected in all <span>capital budgeting decisions.
Financing costs are ignored. This may seem unrealistic, but it is not. Most of the time, analysts want to know the after-tax operating cash flows that result from a capi
last interval [days]
repetition number in this series
scheduled repetition interval
last repetition or drill
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