Question: The net present value is equal to: Question 18 options: 1) the present value of expected cash flows, plus the initial cash outlay. 2) the

The net present value is equal to:

Question 18 options:

1)

the present value of expected cash flows, plus the initial cash outlay.

2)

the present value of expected cash flows, less the initial cash outlay.

3)

(1) and (3) above.

4)

(2) and (3) above.

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