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what is the first step of evaluating a projects cash flows a evaluate whether to do...

what is the first step of evaluating a projects cash flows
a evaluate whether to do the project
b break down the projects key elements
c determine the projects needs
d evaluate all the cash flows
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Answer #1

Select - (b) Break down the projects key elements.

Before, we determine the project needs and evaluate all the cash flows based on those needs, it is essential to define WBS (work break down structure) which is considered as a plan of action. Hence, Break down the projects keys elements should be the first step.

Evaluating whether to do the project is infact the last step. Hence is not correct -option.

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