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...Learning objectives lead b explain the steps pertinent issues in decision making process component a investment discounting c capital investments as real options origination of proposals creation budgets go no decisions time value money comparing annuities profitability index for rationing to make follow on abandon or wait capex chapter content appraisal revision discounted traditional compounding cash flow techniques and net internal pay accounting post present rate back completion return period audit identify search opportunities phase states nature list possible outcomes measure payoffs select projects obtain authorisation implement implementation review n future x discount v r factor npv benefit loss terms an opportunity basic rule positive accept negative reject...