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Net present value
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====Difficulty in comparing mutually exclusive projects==== Comparing mutually exclusive projects with different investment horizons can be difficult. Since unequal projects are all assumed to have duplicate investment horizons, the NPV approach can be used to compare the optimal duration NPV.<ref>{{Cite book |last=de Rus |first=GinΓ©s |title=Introduction to Cost-Benefit Analysis: Looking for Reasonable Shortcuts. Second edition, 2021 |publisher=Edward Elgar |year=2021 |isbn=978-1-83910-374-2 |location=UK |pages=136β245 |language=en-us}}</ref>
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