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Reference: Book: Capital Budgeting Valuation; Chapter 6 Capital Rationing for Capital Budgeting. Explain the following statement, If capital markets are efficient, all projects with a

Reference: Book: Capital Budgeting Valuation; Chapter 6 Capital Rationing for Capital Budgeting.

Explain the following statement, If capital markets are efficient, all projects with a positive NPV should receive funding.

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