what is the meaning of capital budgeting
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Capital budgeting, and investment appraisal, is the planning process used to determine whether an organization's long term investments such as new machinery, replacement of machinery, new plants, new products, and research development projects are worth the funding of cash through the firm's capitalization structure
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Capital budgeting is process a business undertakes to evaluate potential major projects or investments..... The capital budgeting process is also known as investment appraisal.
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