Question: We are frequently operating under considerable about the future. We can only the NPV of an investment in this case. The resulting estimate can be
We are frequently operating under considerable about the future. We can only the NPV of an investment in this case. The resulting estimate can be very "son, meaning that the true NPV might be quite different. Because the true NPV is unknown the astute financial manager sooks to assess whether the estimated NPV is For this reason, firms would typically use criteria for evaluating a proposal
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