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Cash flow forecasting is obviously a big concern for a multi year project. One particular financial technique you have mentioned is that of CAPM approach,

Cash flow forecasting is obviously a big concern for a multi year project. One particular financial technique you have mentioned is that of CAPM approach, which accepts a risk premium greater than a risk-free rate. Now the question is what exactly is CAPM and how it helps navigate the risks of a capital project? Any thoughts?

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