Capital budgeting: Problems and new appr
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James S. Sagner
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Article
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2007
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John Wiley and Sons
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English
β 71 KB
## Abstract Capital budgeting techniques using discounted cash flow calculate the present value of future flows, compared to the cash outflows or the investment required to fund a capital project. But companies are reluctant to commit funds to capital projects these daysβprobably because of disappo