What is are the most important cash flows in a capital


1. What does IRR mean? How it is estimated? Be specific. Are there problems with IRR? Explain.

2. What is (are) the most important cash flow(s) in a capital budgeting analysis? Why?

3. What is the discount rate used in new project analysis? Explain the discount rate, and how it is used in capital budgeting. What is another name for the discount rate?

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Financial Management: What is are the most important cash flows in a capital
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