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| An investment has an outlay of 100 and after-tax cash flows of 40 annually for four years. A project enhancement increases the outlay by 15 and the annual after-tax cash flows by 5. As a result, the vertical intercept of the NPV profile of the enhanced project shifts: A. up and the horizontal intercept shifts left. B. up and the horizontal intercept shifts right. C. down and the horizontal intercept shifts left. |