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Harvard University is considering the addition of a new programme - Law. Even though management is content with the profitability projections of the program, the

Harvard University is considering the addition of a new programme - Law. Even though management is content with the profitability projections of the program, the Chief Financial Officer recommends the preparation of cash budget in addition to the financial projections. Explain why the Chief Financial Officer will be insisting on the inclusion of the cash budget.

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