What is the most critical step in the capital budgeting, Financial Management

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What is the most critical step in the capital budgeting

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?

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Financial Management: What is the most critical step in the capital budgeting

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Financial Management: What is the most critical step in the capital budgeting

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