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1 what is capital budgeting compare and contrast the

1. What is capital budgeting? Compare and contrast the following capital budgeting terms:

i) Independent and mutually exclusive projects.

ii) Capital rationing and unlimited funds.

iii) IRR and cross-over points.

iv) Accept-reject and ranking methods.

v) Payback method and discounted payback method.

2. What is the rationale for government involvement in the market economy?

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