AI Quick, president of a Toronto Stock Exchange-listed firm , is very short-term oriented and interested in
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AI Quick, president of a Toronto Stock Exchange-listed firm , is very short-term oriented and interested in the immediate consequences of his decisions. Assume Mr. Quick is considering a project that will provide an increase of $2 million in cash flow because of favourable tax consequences but carries a two-cent decline in earnings per share because of a write-off against first quarter earnings. What decision might Mr. Quick make?
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Being short term oriented he may make the mistake of turning down ...View the full answer
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Related Book For 
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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