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