EBK PRINCIPLES OF CORPORATE FINANCE
EBK PRINCIPLES OF CORPORATE FINANCE
12th Edition
ISBN: 9781259358487
Author: BREALEY
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 12, Problem 12PS

Economic income Fill in the blanks: “A project’s economic income for a given year equals the project’s ____ less its ____ depreciation. New projects may take several years to reach full profitability. In these cases, book income is ____ than economic income early in the project’s life and ____ than economic income later in its life.”

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