8-4 Capital Budgeting Process CApital budgeting problems Consistent forecasts → Conflict of interest → Forecast bias )Selection criteria(NPV and others) Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 8- 4 Irwin/McGraw-Hill Capital Budgeting Process Capital Budgeting Problems ➔Consistent forecasts ➔Conflict of interest ➔Forecast bias ➔Selection criteria (NPV and others)