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3. All of the above .........................................
Answer is PV of Inflow less PV of outflow - NPV is equal to present value of cash inflow less Initial cash outflow/Investment (PV of cash outflow) - if PV of cash flow is more than the investment cash outflow it is called as positive NPV or it can be viceversa in that case it is negative NPV.
Option1. present value of coming cash- present value of outgoing cash.
3-All of the above the
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