A project's net present value is equal to:
A. the present value of the expected future cash inflows minus the present value of all the cash outflows.
B. the present value of the cash outflows plus the present value of cash inflows.
C. the present value of the last cash inflow.
D. the present value of all the expected future cash outflows.
E. the present value of all the cash inflows after the full recovery of the initial investment.
Answer: A
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