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Discuss how the use of DCF tools by managers in practice are biased against innovation and how these biases can be countered. Further discuss how

Discuss how the use of DCF tools by managers in practice are biased against innovation and how these biases can be countered. Further discuss how biases in the evaluation of innovation projects are caused by an overemphasis on (short-term) earnings per share statistics, and how this problem can be addressed.

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