1. What is the most critical step in the capital budgeting process? Why are there no “absolute” answers to capital budgeting decisions?
2. How does a firm assess a new capital project? How would models of project value such as NPV and IRR incorporate changes in economic outlook?
this is a e-class discussion assignment, need to use own words to answer the question, and around 100 words per question will be perfect.
By the way, happy Thanksgiving day!!!