Multiple Select Question Select all that apply A proper capital budgeting analysis of a firm includes an analysis of after-tax cash flows and the timing of these flows because ______. Multiple select question. the timing of cash flows matters due to the time value of money companies are valued based on their ability to generate "free cash flow" accrual-based accounting income is determined under the matching principle the use of cash flow data and its timing is unrelated to the economic value (or worth) of the firm