Which of the following would not be included in projecting


Which of the following would NOT be included in projecting the incremental net cash flow for the terminal year of a new project?

a. the net change in operating cash flow after taxes

b. the after-tax salvage value of the project

c. the change in the level of net working capital

d. the after-tax interest cost related to financing the project in the terminal year

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Financial Management: Which of the following would not be included in projecting
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