Question: In your own words, and without replicating or paraphrasing the sentences or ideas from the textbook or from an online website, please answer the following

In your own words, and without replicating or paraphrasing the sentences or ideas from the textbook or from an online website, please answer the following questions:

1. What is a capital budgeting?

2. Why is the time value of money concept related to and important for capital budgeting decisions?

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