Q.

What do you mean by NPV?

A. Excess of cash inflows over cash outflows
B. Excess of cash outflows over cash inflows
C. Excess of the present value of cash out flows over the present value of cash inflows
D. Excess of the present value of cash inflows over the present value of cash outflows
Answer» D. Excess of the present value of cash inflows over the present value of cash outflows
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