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Level 5
· ◆◆◆ · ~12 min
Capital Budgeting: Project Cash Flows
Capital Budgeting: Project Cash Flows
"The NPV rule is only as good as the cash flows you feed it. Here's how to build them: cash not profits, incremental not total, and financing kept strictly out."
cash flows vs accounting earningsincremental cash flowssunk costs & opportunity costsfree cash flow & the depreciation tax shield
A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.