Question: A Net Present Value Profile (First, define the concept of capital budgeting in general and also explain why the process of capital budgeting is important

A Net Present Value Profile (First, define the concept of capital budgeting in general and also explain why the process of capital budgeting is important for the corporation in the long-run. Next, define the concept of a net present value profile for a capital project. Finally, explain how a capital budgeting project, if accepted by a firm, would appear on the firm balance sheet--that is, would the project impact the left-hand side (i.e., its assets) or the right-hand side (i.e., its liabilities) all else equal.

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