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Several executives of your firm have gathered to discuss whether to invest in a new production facility. There are several alternatives from which to choose,

Several executives of your firm have gathered to discuss whether to invest in a new production facility. There are several alternatives from which to choose, including constructing a new plant or purchasing an existing building. Since none of the executives present at the meeting have a background in finance, they ask you to describe the pros and cons of a few capital budgeting methods used to evaluate investment decisions. What would your finance manager say?

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