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betterway betterway
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7 years ago
Projects having higher cash inflows in the early years tend to be less sensitive to changes in the cost of capital and are therefore often acceptable at higher discount rates compared to projects with higher cash inflows that occur in the later years.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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alovelyalovely
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7 years ago
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"It is better to fail in originality than to succeed in imitation."

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betterway Author
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Smart ... Thanks!
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This helped my grade so much Perfect
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Correct Slight Smile TY
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