If depreciation is not a cash- flow expense, does it affect the level of cash flows from

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If depreciation is not a cash- flow expense, does it affect the level of cash flows from a project in any way? Why?
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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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