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Discuss two of the basic concepts of capital budgeting such as independent vs. mutually exclusive, capital rationing, sunk costs, opportunity costs, cash flow patterns, etc.

Discuss two of the basic concepts of capital budgeting such as independent vs. mutually exclusive, capital rationing, sunk costs, opportunity costs, cash flow patterns, etc. Why are they important for the investor to factor into the decision-making process? Please cite references.

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