Discounted cash flow techniques allow us to evaluate a long-term investment by taking future financial benefits into

Question:

techniques allow us to evaluate a long-term investment by taking future financial benefits into account. However, there could be many nonfinancial costs and benefits as well. Many experts are of the view that when it comes to these non-financial aspects, "it is better to be approximately right than precisely wrong." Do you agree? Explain.

Discounted Cash Flows
What is Discounted Cash Flows? Discounted Cash Flows is a valuation technique used by investors and financial experts for the purpose of interpreting the performance of an underlying assets or investment. It uses a discount rate that is most...