What problem would arise if in projecting cash flows for a capital budgeting decision on a project

Question:

What problem would arise if in projecting cash flows for a decision on a project interest expense was not excluded?
Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...