Question: 12.tIn using the net present value (NPV) approach to evaluating credit policy alternatives, all other things equal, a.tthe alternative with the highest NPV should be

12.tIn using the net present value (NPV) approach to evaluating credit policy alternatives, all other things equal, a.tthe alternative with the highest NPV should be selected b.tthe alternative with the lowest NPV should be selected c.tthe alternative with the NPV closest to zero should be selected d.tthe alternative with the present value of cash inflows closest to zero should be selected

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