1. The operating cash flow for a project should exclude which one of the following?
a. Interest expense.
b. Depreciation tax shield.
c. Variable costs.
d. Taxes.
e. Fixed costs.
2. The operating cash flow for a project should exclude which one of the following?
a. Interest expense.
b. Depreciation tax shield.
c. Variable costs.
d. Taxes.
e. Fixed costs.