Valores

So there are three statement or rather four i could collect so far. While formulating return objective whether to include inflation or not will depend on words. If it says
1) After tax salary increases will offset any future increase in living expeneses - dont consider inflation
2) Salaries & expenses are expected to increase at inflation rate -  consider inflation
3) Future Salary increases are expected to match any increases in living expenses on a pre tax basis  - Dont consider infaltion
4)  Terminal value at the end of horizon is given  - inflation is built in (as CPK mentioned in other posts) so dont consider.
Right?