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Suppose you are a manager considering a capital budgeting project.
14. Suppose you are a manager considering a capital budgeting project. You have examined the proposed project and, according to every relevant piece of information you can find, you feel the project should be undertaken. After submitting your analysis, the division head informs you that the project has not been approved for funding. Briefly discuss the possible causes of the difference between your opinion of the project and that of upper management.