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Discuss how you understand the following concepts instrumental in capital budgeting decision making: Opportunity cost Cannibalization Positive externalities Sunk cost. Note, providing just definitions would

Discuss how you understand the following concepts instrumental in capital budgeting decision making:

  1. Opportunity cost
  2. Cannibalization
  3. Positive externalities
  4. Sunk cost.

Note, providing just definitions would not satisfy requirements for this discussion.

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