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Why is the practice of capital rationing quite common? After reading the introduction to this section in the textbook, my initial thought matched the question
Why is the practice of capital rationing quite common? After reading the introduction to this section in the textbook, my initial thought matched the question the book asked next: "Why would any company forgo value-adding projects". The book then lists several reasons why a company may do this, but I am having trouble understanding some of these reasons, which leads me back to my original question asked here.
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