Discuss how a project's risk can be incorporated into capital budgeting analysis. Should discounted cash flows be

Question:

Discuss how a project's risk can be incorporated into analysis. Should be used to evaluate projects?
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... Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...