Quiz Ch 12 – T/F Significance of Accurate Project Cash Flow Estimation in Capital Budgeting
Fundamentals of Financial Management, Concise
Brigham and Houston
09th Edition
True or false: The estimation of project cash flows is typically the pivotal yet challenging phase in capital budgeting. While factors like NPV versus IRR play a role, they are outweighed by the necessity for a reasonably precise projection of cash flows.