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Which of the following is true?
A. Discounted cash flow analysis is the least precise of the cash flow techniques as it does not consider the time value of money.
B. NPV is the least precise of the cash flow analysis techniques as it assumes reinvestment at the discount rate.
C. Payback period is the least precise of the cash flow analysis techniques as it does not consider the time value of money.
D. IRR is the least precise of the cash flow analysis techniques because it assumes reinvestment at the cost of capital.
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Design Patterns 
