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The first step in capital budgeting is to: a. reduce the project to a series of cash flows. b. determine the difficulty of a project.
The first step in capital budgeting is to:
a. | reduce the project to a series of cash flows. | |
b. | determine the difficulty of a project. | |
c. | compare competing alternatives. | |
d. | reduce projects to their simplest form. |
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