`In capital budgeting analysis, the use of a cumulative NPV is useful for:

a. determining a probability distribution of NPVs.
b. determining the time required to achieve a positive NPV.
c. determining how the required rate of return changes over time.
d. determining how the cost of capital changes over time.
e. A and B

b. determining the time required to achieve a positive NPV.

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What are three main instruments of trade policy?

What will be an ideal response?

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Once the IRS determines that a tax shelter is abusive, it may do all of the following EXCEPT:

A) charge interest on back taxes. B) charge the taxpayer with intent to defraud. C) sentence the abuser to a prison sentence. D) disallow all deductions.

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