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1. Why does capital budgeting rely on analysis of cash flows rather than on net income? Explain. 2. What is the concept of marginal cost
1. Why does capital budgeting rely on analysis of cash flows rather than on net income? Explain. 2. What is the concept of marginal cost of capital? When is it used?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
