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Are the capital budgeting rules discussed in Chapter 5 (namely NPV, IRR, Payback Period and Profitability Index) applicable to not-for-profit corporations? How should such entities

  1. Are the capital budgeting rules discussed in Chapter 5 (namely NPV, IRR, Payback Period and Profitability Index) applicable to not-for-profit corporations? How should such entities make capital budgeting decisions? Defend your recommendation.

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