Consider the following items of information:I. The target recovery period.
II. The discount rate.
III. The timing (i.e., year) of a cash flow.
Which of the above items would be needed to calculate the present value of a cash flow?
A. I only.
B. I, II, and III.
C. II only.
D. II and III.
E. I and II.
Answer: D
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a. True b. False Indicate whether the statement is true or false
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