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15. Explain the difference between the 'accounting' model and the 'economic' model of firm valuation as discussed in our readings. What implication does each of
15. Explain the difference between the 'accounting' model and the 'economic' model of firm valuation as discussed in our readings. What implication does each of these models have for firms engaging in either research and development costs or a capital budgeting project which has an immediate dilutive effect on EPS? What does empirical evidence indicate?
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