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What is capital budgeting? Why are capital budgeting decisions crucial to the long run financial health of a business enterprise? List Shortcomings of using the

What is capital budgeting? Why are capital budgeting decisions crucial to the long run financial health of a business enterprise? List Shortcomings of using the payback period as the only criteria in making capital budgeting decisions. Discuss Some capital investment projects in which non-financial factors may outweigh financial factors. (Include references)

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