A capital budgeting means the traditional financial analysis that is applied to foreign or domestic projects to determine the project's value to the firm.
What is a capital budgeting?
It refers to the process of evaluating and selecting long-term investments that are consistent with the firm's goal of maximizing owners' wealth.
The Capital budgeting entails a plan that details projected cash flows during some future period. The results of the capital budgeting decisions continue for many years and the firm loses some of its flexibility.
Therefore, it means the traditional financial analysis that is applied to foreign or domestic projects to determine the project's value to the firm.
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