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Basic Question 24 of 29

Choose one of the following to best describe a project which requires an initial cash outlay and for which all remaining cash flows are inflows.

A. Short-term
B. Mutually exclusive
C. Conventional
D. Independent
E. Value-creating

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Lina

Lina

Learning Outcome Statements

describe the capital allocation process, calculate net present value (NPV), internal rate of return (IRR), and return on invested capital (ROIC), and contrast their use in capital allocation

CFA® 2025 Level I Curriculum, Volume 2, Module 5.