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The bottom-up approach to computing the operating cash flow of a project applies only when:...

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Accounting

The bottom-up approach to computing the operating cash flow of a project applies only when:

Select one:

a. both the depreciation expense and the interest expense are equal to zero.

b. the project is a cost-cutting project.

c. the interest expense is equal to zero.

d. taxes are ignored and the interest expense is equal to zero.

e. no fixed assets are required for the project.

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