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    Time zero cash flows

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    All of the following are common cash flow items to be considered at TIME ZERO, except
    a. initial purchase costs of assets
    b. net cashflow from sale of any old equipment being replaced
    c. installation costs
    d. working capital investment (such as inventory)
    e. depreciation tax shield from new assets being purchased

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    https://brainmass.com/business/cash/time-zero-cash-flows-243966

    Solution Summary

    The solution explains which items may not be considered a time zero cash flow

    $2.19

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