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The statement "We've got too much invested in that project to pull out now" possibly illustrates the need to:

a) switch to an accelerated method of depreciation.

b) be reacquainted with the concept of sunk costs.

c) reduce net working capital assigned to the project.

d) reduce discount rates to improve NPV.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91595867

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