Question: 1 points Item 5 Using progressively higher discount rates: Multiple Choice tends to reduce early and late cash flows equally. tends to penalize early flows

1points
Item 5
Using progressively higher discount rates:
Multiple Choice
tends to reduce early and late cash flows equally.
tends to penalize early flows more than late flows.
tends to lower net present value.
reflects the decreasing nature of risk in the discount rate.

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