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List eight elements that could be included in a project charter.Describe why each element is valuable to the project charter.
Incremental Cash Flows
The extra cash flow an organization gains by initiating a new project.
Total Cash Flows
The aggregate sum of cash entering and leaving a corporation, which plays a significant role in determining its financial fluidity.
Income Taxes
Taxes levied on both earned income (wages, salaries) and unearned income (dividends, interest), imposed by government authorities.
Sunk Cost
A cost that has already been incurred and cannot be recovered, and should not affect future investment or spending decisions.
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