Since capital budgeting involves projects that will last for many years, one of the main concepts as we discuss capital projects involves: How wo can pil the least costly prolect from an inital price perspective. The time value of money or he fact that $10,000 now is worth LESS than $10,000 eight years from now. The time value of money or the fact that $10,000 now is worth MORE than $10.000 elghtyears from now