Unformatted text preview: financial break-even. For a project with an initial investment and sales after, this ordering will always apply. The cash break-even is achieved first since it excludes depreciation. The accounting break-even is next since it includes depreciation. Finally, the financial break-even, which includes the time value of money, is achieved....
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- Spring '11
- Finance, cash break-even, accounting break-even, financial break-even