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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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This note was uploaded on 06/17/2011 for the course FIN 101 taught by Professor Paul during the Spring '11 term at Aligarh Muslim University.
- Spring '11