When beginning capital-budgeting analysis it is important, Financial Management

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When beginning capital-budgeting analysis it is important

When beginning capital-budgeting analysis, it is important to determine a project's cash flows. These cash flows can be segmented as follows: 1. Initial Investment Outlay, 2. Operating Cash Flow over a Project's Life, 3. Terminal Cash Flow.

Which of the three do you think is the most difficult to estimate in practice and why?

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Financial Management: When beginning capital-budgeting analysis it is important

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