When evaluating projects using npv approach, Financial Management

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When evaluating projects using npv approach

When evaluating projects using NPV approach ____

a. projects having higher early – year cash flows tend to be preferred at higher discount rates

b. projects having lower early – year cash flows tend to be preferred at higher discount rates

c. the discount rate and magnitude of cash flows do not affect the ranking by NPV approach

d. projects having higher early – year cash flows tent to be preferred at lower discount rates

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