Because the cash flows from an international project may be denominated in different currencies from the headquarters, one of the very first decisions is to

A) do the valuation using forecasts of the foreign or home currency.
B) determine the salvage value at the terminal stage of the project.
C) calculate the stream of free cash flows.
D) arrange the financing in the foreign or domestic currency.

A) do the valuation using forecasts of the foreign or home currency.

Business

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