WHEN CALCULATING THE NPV OF A PROJECT’S CASH FLOWS, HOW MUST THE...

124. When calculating the NPV of a project’s cash flows, how must the revenues and costs be measured? a. On an incremental, pre-tax, cash flow basis b. On an annual, pre-tax, cash flow basis c. On an incremental, after-tax, cash flow basis d. On an annual, after-tax, cash flow basis