Question: Discounted cash flow techniques allow us to evaluate a long-term investment by taking future financial benefits into account. However, there could be many nonfinancial costs

Discounted cash flow 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.

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