Question: Present value O Asserts that the cost of a project does not vary over time O Considers the time value of money concept which recognizes

Present value O Asserts that the cost of a project does

Present value O Asserts that the cost of a project does not vary over time O Considers the time value of money concept which recognizes that a dollar today is worth more than a dollar tomorrow because today's dollar can earn interest O Is used to develop selling and administrative budgets Discounts a precise amount to account for taxes

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