Question: In the NPV formula, what does CFo represent? The costs incurred prior to deciding to accept a project The cash flow at time zero, or

In the NPV formula, what does CFo represent?
The costs incurred prior to deciding to accept a project
The cash flow at time zero, or the project start-up costs
The cash flow for the first year of the project
The sum of all the cash outflows
In the NPV formula, what does CFo represent? The costs incurred

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