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As a discounted cash flow method does not report good operating income results in the project's early years, managers are tempted to not use discounted cash flow methods even though the decisions based on them would be in the best interests of the company as a whole over the long run.
Factorial
A mathematical operation that multiplies a number by every number less than it down to 1, often denoted as n!.
Non-negative Integer
An integer that is either greater than or equal to zero, including zero itself.
Base Case
A condition within a recursive function that stops the recursion by returning a value without making any subsequent recursive calls.
Iterative Method
A procedure or technique in computing that involves repeating a set of operations until a specific condition is met.
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