Given the stakes involved and the uncertainty associated with the process, is it worthwhile to undergo such a capital budgeting exercise? What do you believe are the advantages and disadvantages of the capital budgeting process? What are some of the things managers can do if they realize that the project they have undertaken is not turning out the way they envisioned during the capital budgeting analyses? Presumably, as the time horizon becomes longer, the harder it becomes to predict the cash flows associated with the project. However, most ambitious projects would require long-term planning. How can a manager reconcile these conflicting and challenging issues?