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Capital budgeting is critical for all of the following reasons EXCEPT that: (Points : 2) It requires forecasts of revenues over the asset's life. It

Capital budgeting is critical for all of the following reasons EXCEPT that: (Points : 2)

It requires forecasts of revenues over the asset's life. It focuses on the purchase of assets that will be sold within one year. A firm's assets define a firm's strategic plan. The firm loses some flexibility in its ability to invest in other assets.

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