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1. Costco announced same-store sales increases of 14% today, yet their stock price dropped in reaction to the news. The overall market was up today,

1. Costco announced same-store sales increases of 14% today, yet their stock price dropped in reaction to the news. The overall market was up today, so that wasnt the reason. What do you think happened?

2. Why are financing costs not explicitly included as expenses in the capital budgeting process?

3. What is the appropriate response of managers when faced with capital rationing?

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