Although the evaluation of capital budget proposals is based on decision criteria involving traditional discounted cash flow
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Question:
Although the evaluation of capital budget proposals is based on decision criteria involving traditional discounted cash flow analysis and some form of risk assessment of alternative investment projects, the final decision will depend on manager's intuition and judgment based on some other nonfinancial factors. Do you agree with the statement? Justify your answer by making a brief assessment of capital budgeting and risk analysis methods.
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