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#cfa-level-1 #corporate-finance #introduction #reading-35-capital-budgeting #study-session-10
Capital budgeting is the process that companies use for decision making on capital projects—those projects with a life of a year or more
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1. INTRODUCTION
Capital budgeting is the process that companies use for decision making on capital projects—those projects with a life of a year or more. This is a fundamental area of knowledge for financial analysts for many reasons. First, capital budgeting is very important for corporations. Capital projects, whi


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