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Explain what capital budgeting is and the methods used to evaluate projects. Discuss the similarities between a firm's capital budgeting decisions and an individual's investment

Explain what capital budgeting is and the methods used to evaluate projects. Discuss the similarities between a firm's capital budgeting decisions and an individual's investment decisions. Discuss the difference between independent and mutually exclusive projects. Explain the difference between normal cash flows and non-normal cash flows

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