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 The flow-to-equity (FTE) approach in capital budgeting is defined to be the: A

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 The flow-to-equity (FTE) approach in capital
budgeting is defined to be the:
A. discounting all cash fl
project at the overall

B. scale enhancing discount process.

C. discounting of the levered cashflows to the equity hold

equity.

D. the dividends and capital gains that may flow to a shar
E. discounting of the unlevered cashflows of a project fro