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Would you perform the same amount or depth of capital budgeting analysis to evaluate the replacement of a worn out piece of critical equipment (such

Would you perform the same amount or depth of capital budgeting analysis to evaluate the replacement of a worn out piece of critical equipment (such as an HVAC system) as you would as an expansion into a new line of business, even if the investment amount were the same? Why or why not? Fully explain your thinking. (Feel free to incorporate what we have already learned about risk/ return; the link between finance and strategy, etc)

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