Question: Decision trees: a. are an alternative to NPV analysis. b. recognize that managers may need to react to unexpected future events. c. are a way

Decision trees:

a.

are an alternative to NPV analysis.
b.

recognize that managers may need to react to unexpected future events.
c.

are a way to adjust the discount rate to allow for uncertainty.
d.

lay out the different steps in preparing the capital budget.

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