Question: When we are studying capital budgeting, we go through a lot of work to come up with an investment decision. However, we have made many
When we are studying capital budgeting, we go through a lot of work to come up with an investment decision. However, we have made many assumptions along the way to form what seems like a value-maximizing decision.
1. Choose an assumption that we make and discuss the risks associated with that assumption.
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