The annualized net present value approach converts the net present value of unequal-livedprojects into an equivalent annual amount (in NPV terms) that can be used to select the best project.

Question

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The annualized net present value approach does convert the net present value of unequal-lived projects into an equivalent annual amount that can be used to compare and select the best project.

The Annualized Net Present Value Approach Converts the Net Present