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What is the difference between capital budgeting screening decisions and capital budgeting preference decisions? What is meant by the term 'time value of money'? Do

  1. What is the difference between capital budgeting screening decisions and capital budgeting preference decisions?

  2. What is meant by the term 'time value of money'? Do you think this is an important concept? Please talk about the 'time value of money' concept in your own words.

  3. What is net present value (NPV)? Can it ever be negative? Please explain.

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