Question: What is the first step in evaluating an investment using the NPV approach?Group of answer choicesCalculate and evaluate the Net Present Value (NPV) of the

What is the first step in evaluating an investment using the NPV approach?Group of answer choicesCalculate and evaluate the Net Present Value (NPV) of the investmentYou can start with any of the stepsEstablish an appropriate interest rate to be used for evaluating the investmentIdentify the amount and timing of the cash flows required over the life of the investment

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