We've emphasized that the firm should pay attention only to cash flows when assessing the net present

Question:

We've emphasized that the firm should pay attention only to cash flows when assessing the of proposed projects. Depreciation is a noncash expense. Why then does it matter whether we assume straight-line or MACRS depreciation when we assess project NPV?
Net Present Value
What is NPV? The net present value is an important tool for capital budgeting decision to assess that an investment in a project is worthwhile or not? The net present value of a project is calculated before taking up the investment decision at...