Suppose that your company used APV, or All-the-Present Value-Except-CF0, to analyze capital budgeting projects. What would this

Question:

Suppose that your company used "APV," or "All-the-Present Value-Except-CF0", to analyze projects. What would this rule's benchmark value be?
Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...