Estimating project cash flows is considered the most important and the most difficult step in the capital budgeting process. Both the number of variables and the interdepartmental nature of the process contribute to the difficulty of estimating cash flows.

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Estimating project cash flows is indeed considered one of the most important steps in the capital budgeting process and it is also one of the most difficult due to the number of variables involved and the interdepartmental nature of the process.

Estimating Project Cash Flows Is Considered the Most Important and the Most