Why are interest charges not deducted when a projects cash flows for use in a capital budgeting

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Why are interest charges not deducted when a project’s cash flows for use in a capital budgeting analysis are calculated?
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...
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Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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