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Explain why a model with a lagged dependent variable and fixed effects will be biased.
Incremental Cash Flows
The additional cash flow a company generates from undertaking a new project, considering only the revenues and costs directly caused by the project.
Incremental Cash Flows
The additional cash flow a business receives from undertaking a new project.
Sunk Costs
Outlays already made that cannot be refunded or retrieved.
Project Value
The total worth of a project, calculated by evaluating all incoming and outgoing cash flows to determine its overall financial benefit.
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