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Which of the following is not part of the capital budgeting process? Arrangement for sales of the firms stocks and bonds for project funding. Generation

  1. Which of the following is not part of the capital budgeting process?
  1. Arrangement for sales of the firms stocks and bonds for project funding.
  2. Generation of ideas for capital investments.
  3. Estimation of project cash flows.
  4. Selection of projects expected to increase firm value.
  5. Monitoring accepted projects for variance from expectations

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