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ia45122 ia45122
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5 months ago
Which of the following statements is FALSE?

▸ Because of the competitive nature of today's business environment, we would not expect to see an abundance of positive NPV opportunities to persist for very long.

▸ Positive NPVs arise only in situations in which a company has a competitive advantage.

▸ Projects that produce an NPV of zero should be rejected.

▸ The market value of any firm in an efficient market should equal the present value of its expected after-tax cash flows.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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enzeeenzee
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