2016 Fin 380 Week 5 - Dq1

Every financial projection is essentially an educated guess about the future. Because future cash flows are never guaranteed, must be integrated into the budgeting process to prevent costly blunders.

Financial managers typically categorize project risks into three levels: 2016 Fin 380 Week 5 Dq1

: The risk of the project from the perspective of a well-diversified shareholder. Tools of the Trade Every financial projection is essentially an educated guess