Fill in the blanks: A projects economic income for a given year equals the projects _____ less

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Fill in the blanks:
“A project’s economic income for a given year equals the project’s _____ less its _____ depreciation. New projects may take several years to reach full profitability. In these cases book income is _____ than economic income early in the project’s life and _____ then economic income later in its life.”

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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