Why are cash flows discounted for investment appraisal? A. $1 now is more useful than $1 receivable
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Why are cash flows discounted for investment appraisal?
A. $1 now is more useful than $1 receivable at a future time.
B. It is prudent to state future cash flows at a realistic value.
C. Money loses its value because of inflation.
D. The risk of not receiving money increases with time.
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