2D2A THE NET PRESENT VALUE OF AN INVESTMENT PROJECT REPRESENTS THE A....

311.

CSO: 2D2a

LOS: 2D2a

The net present value of an investment project represents the

a.

total actual cash inflows minus the total actual cash outflows.

b.

excess of the discounted cash inflows over the discounted cash outflows.

c.

total after-tax cash flow including the tax shield from depreciation.

d.

cumulative accounting profit over the life of the project.