When evaluating an investment project, which of the following best des

When evaluating an investment project, which of the following best describes the financial
information needed by the decision maker?

A) pre-tax accounting profits adjusted for any accounting method changes
B) incremental cash flows before taxes so the decision will not be biased by a tax code that may
change in the future
C) after-tax accounting profits
D) after-tax incremental cash flows to the company as a whole

ANSWER

D