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  3. the definition of net operating income is: a. a d

The definition of Net Operating Income is: a. a discount rate that makes the...

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Accounting

The definition of Net Operating Income is:
a. a discount rate that makes the net present value of all cash flows equal to zero.
b. used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments.
c. the difference between the present value of cash inflows and the present value of cash outflows over a period of time.
d. all revenue from the property, minus all reasonably necessary operating expenses.
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