a) What techniques have doubled in use (for e.g., going from 20% to at least 40% of CFOs using them)

b) Why do you think there maybe an increase in the use of these techniques?

Figure 2. Capital Budgeting Techniques This figure displays CFO responses to the following question about the capital budgeting methods their companies use to make investment decisions: How frequently does your firm use the following techniques when deciding which projects or acquisitions to pursue? {0= Never, 1,2,3,4= Always }. The percentage of firms that answer 3 or 4 are shown. The blue bars display results for the 2022 Duke CFO survey (March 2020 wave); the orange bars display results from Graham and Harvey (2001). Within each blue and orange bar, the solid portion displays responses for large firms (revenue above $1 billion), and the white, crosshatched portion displays responses for small firms (revenue below $1 billion). In 2022, for example, 77% of large firms ( 40% of small firms) say that they always or almost always use Net Present Value when choosing projects or making acquisitions