Question: When evaluating projects using NPV approach, A) projects having lower early-year cash flows tend to be preferred at higher discount rates B) projects having higher

When evaluating projects using NPV approach, A) projects having lower early-year cash flows tend to be preferred at higher discount rates B) projects having higher early-year cash flows tend to be preferred at higher discount rates C) projects having higher early-year cash flows tend to be preferred at lower discount rates D) the discount rate and magnitude of cash flows do not affect the ranking by NPV approach

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