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Task: 9 capital budgeting consists in planning development of available capital for the purpose of maximizing the long-term profitability of the concern. How does an

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Task: 9 "capital budgeting consists in planning development of available capital for the purpose of maximizing the long-term profitability of the concern". How does an investor evaluate long term investment proposals using various capital budgeting techniques? Explain based on : (5 marks) The relative risk and return estimated on the investment ( 2.5 marks) The time value of money ( 2.5 marks)

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