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1. In capital budgeting, (a) what is the reinvestment assumption, (b) why is it necessary, and (c) how does it affect the calculation for capital
1. In capital budgeting, (a) what is the reinvestment assumption, (b) why is it necessary, and (c) how does it affect the calculation for capital budgeting?
2. Please explain the statement (How would you explain to someone who didn't major in economic engineering?) : ROR is calculated based on unrecovered amount.
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