When cash outflows occur during more than one time period, ________. a. The projects NPV will definitely
Question:
When cash outflows occur during more than one time period, ________.
a. The project’s NPV will definitely be negative
b. The project can have multiple IRRs
c. The project should not be done
d. The time value of money is not important
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The time value of money (TVM) is the concept that the money you have in your pocket today is worth more than the same amount would be if you received it in the future because of the profit it can earn during the interim.
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