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NEW QUESTION: 1
Which statement is TRUE about Present Value(PV)?
A. The interest rate that makes the net present value of all cash flow equal zero
B. The difference in benefit received between a chosen project and a project that was not chosen
C. The value today of future cash flow
D. The present value of cash inflow less the present value of cash outflow
Answer: C
Explanation:
Present Value(PV): The value today of future cash flow. The higher the PV, the better.


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