rephrase this statement "Capital projects are investments in assets that are intended to provide long-term economic benefits. For a long time, a corporation must live with the consequences of capital investment decisions. Poor project decisions will have a detrimental impact on the company's bottom line. The difference between the value eliminated and the value that could have been realized is the net impact. Holding working assets or cash - that is, long-term, depreciable goods that may degrade or be highly specialized - should be at least as hazardous as investing in a corporation. It may be tough to stop a project early if cash flow projections are not reached. Capital investments may change a company's risk profile by factoring in projected returns as well as other factors including financial structure and capital raising costs. Some projects are difficult to complete. The nature of the project and the capital commitment timetable may necessitate continuing it even if it is no longer appealing. In other cases, a mistake made in the early months of a project cannot be undone