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In capital budgeting, when deciding the value of a business to purchase it, and with the intention to sell the business a few years in
In capital budgeting, when deciding the value of a business to purchase it, and with the intention to sell the business a few years in the future, when calculating the initial outlay do you include money spent on equipment from year 2, or just year 1/the first year of the business being in operation by the new owner?
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