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#cfa-level-1 #corporate-finance #introduction #reading-35-capital-budgeting #study-session-10
capital investments of a company describe a company better than its working capital or capital structures, which are intangible and tend to be similar for many corporations.
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1. INTRODUCTION
rm asset portion of the balance sheet, can be so large that sound capital budgeting decisions ultimately decide the future of many corporations. Capital decisions cannot be reversed at a low cost, so mistakes are very costly. Indeed, the real <span>capital investments of a company describe a company better than its working capital or capital structures, which are intangible and tend to be similar for many corporations. Second, the principles of capital budgeting have been adapted for many other corporate decisions, such as investments in working capital, leasing, mergers and acquisitio


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