Why is the concept of time value of money important in the corporate context? Justify your answer. A complete post includes an explanation supported by examples and a minimum of 2 research sources. Your post must be substantive and demonstrate insight gained from the course material. A substantial post accomplishes one or more of the following:

1. discusses the application of time value of money in the corporate setting
2. offers additional research or examples, in support of the original answer
3. describes implications of the time value of money concept for capital project financing
4. compares and contrasts management practices in relation to corporate funds