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Describe the concept of Capital Budgeting and decisions thereof. How does present value analysis impact a firm's investment program ? How is (the) risk of

Describe the concept of Capital Budgeting and decisions thereof. How does present value analysis impact a firm's investment program ? How is (the) risk of a project accounted for in Capital Budgeting Analysis ? Describe a potential capital expenditure project from the industry in which you work or in which you are interested.

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