Question: When calculating net operating cash flows (NCOF) for a capital budgeting project _____ should not be included. a. operating expenses for an old asset that
When calculating net operating cash flows (NCOF) for a capital budgeting project _____ should not be included.
a. operating expenses for an old asset that is being replaced
b. changes in operating cost
c. changes in depreciation
d. interest charges
e. indirect effects
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