Jason Company provides weather and climate forecasts to almost 100 firms in the northwestern states of Washington,
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Question:
Jason Company provides weather and climate forecasts to almost 100 firms in the northwestern states of Washington, Oregon, and Idaho. New technology is available that should improve forecast accuracy anywhere from 10 to 15 percentage points.
Required:
1. What information is likely to be most difficult to estimate in conjunction with this investment decision?
2. Which capital budgeting decision model is the most appropriate for making this decision? Why?
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