Question: Should IRR and NPV be calculated to include the Interest expense on loans used to finance the investment when operating cash flow is negative? Explain
- Should IRR and NPV be calculated to include the Interest expense on loans used to finance the investment when operating cash flow is negative?
- Explain what makes NPV the best criterion to measure the value creation of an investment.
- Is there a change in working capital created by an investment?
Please include references
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