Question: 21. When computing cash flows for a project, why should interest expense be left out? A. Interest is not a cash expense B. Interest is

21. When computing cash flows for a project, why should interest

21. When computing cash flows for a project, why should interest expense be left out? A. Interest is not a cash expense B. Interest is not tax deductible C. Interest expense is handled via the discount rate when computing NPV or IRR D. Interest expense is a negligible, immaterial item for most companies E. None of the above

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