____ are the cash flows that have been reduced in value because they are to be received in the future.

____ are the cash flows that have been reduced in value because they are to be received in the future.

____ are the cash flows that have been reduced in value because they are to be received in the future. 




A. Book value cash flows

B. Replacement value cash flows

C. Free cash flows

D. Discounted cash flows





Answer: D


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