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At an office party, your colleague cites the example of DuPont's TEFLON to dismiss the value of capital budgeting because, as rumor has it, was

At an office party, your colleague cites the example of DuPont's TEFLON to dismiss the value of capital budgeting because, as rumor has it, was a negative NPV project. As an avid practitioner of cutting-edge corporate financial analysis, what do you say to her?

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