If an investment has cash outflows of Q dollars at the end of each year...
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Accounting
If an investment has cash outflows of Q dollars at the end of each year for three years, then the present value of these cash outflows under a 10% rate of return will be:
| A. equal to that under a 12% rate of return. | |
| B. greater than under a 12% rate of return. | |
| C. unknown because it depends on the size of Q. | |
| D. less than under a 12% rate of return. |
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