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Brilliant Berhad, a Singaporean company is contemplating on opening new subsidiary in Manila. After thorough analysis, the management found out that the NPV from the

Brilliant Berhad, a Singaporean company is contemplating on opening new subsidiary in Manila. After thorough analysis, the management found out that the NPV from the perspective of Singaporeans parent company is unfavourable compared to NPV from the perspective of subsidiary in Manila. Discuss the difference between performing the capital budgeting analysis from the parent firms perspective as opposed to the subsidiarys perspective.

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