Should interest paid for bond be part of the expenses in, Financial Management

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Should interest paid for bond be part of the expenses in

1. Net present value method is said to the best in evaluating the projects. Evaluate the issues that management should consider in using net present value and give an explanation on how these issues can be solved.

2. Should interest paid for bond be part of the expenses in calculating the project's free cash flows and should be discounted at the after-tax cost of debt?

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