If any project is to have a positive NPV,advocates of that project:
A) need only crunch the numbers to determine if it will be successful.
B) should be able to articulate a project's competitive advantage prior to crunching the numbers.
C) should insert their own personal optimistic biases into the cash flow estimates.
D) should show that the present value of the outflows must exceed the present value of the inflows.
Correct Answer:
Verified
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