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QUESTION
The cash flows used in capital budgeting calculations are:taken from the past history and backward looking.based on forecasts of future cash...
The cash flows used in capital budgeting calculations are:
a.taken from the past history and backward looking.
b.based on forecasts of future cash revenues, expenses, and investment outlays.
c.based on forecasts of accounting net income.
d.based on forecasts of retained earnings and debt available for financing projects.
