The process of estimating expected future cash flows of a project using only the relevant parts of the balance sheet and income statements is referred to as the _________________.

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The process described is known as pro forma analysis. Pro forma analysis involves creating financial projections for future periods based on past performance and expected changes. The projections are based on relevant parts of the financial statements, such as income statements and balance sheets, and are used to estimate expected future cash flows.

The Process of Estimating Expected Future Cash Flows of a Project