1. What is capital budgeting? Why are capital budgeting decisions so important to businesses? 2. What is...
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Question:
- 1. What is capital budgeting? Why are capital budgeting decisions so important to businesses?
- 2. What is the purpose of placing capital projects into categories such as mandatory replacement, or expansion of existing products, services, or markets?
- 3. Should financial analysis play the dominant role in capital budgeting decisions? Explain your answer.
- 4. What are the five steps of capital budgeting analysis?
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