Question
1. What is the most critical step in the capital budgeting process? Why are there no absolute answers to capital budgeting decisions? 2. How does
1. What is the most critical step in the capital budgeting process? Why are there no "absolute" answers to capital budgeting decisions?
2. How does a firm assess a new capital project? How would models of project value such as NPV and IRR incorporate changes in economic outlook?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
