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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

Answer: [b] break down the projects key elements.

Explanation:

The key elements decide the magnitude and riskiness of the cash flows. Hence, that should be the first step in the process of evaluating the cash flows of a project.

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