Investment evaluations depend on the future cash flows

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Question: We have seen that investment evaluations depend significantly on estimates of the future cash flows that a project may generate. Do you think that the people who are responsible for such estimates (managers or staff specialists) will always provide the best forecasts that they are capable of, or can you think of situations where it may be in their best interest to introduce biases into their figures? Discuss.

Reference no: EM131749823

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