Projects that do not compete with one another so that the acceptance of one project will have no bearing on the acceptance of other projects being considered by the firm are known as independent projects
What is Independent Projects?
Independent (also known as stand-alone) projects are any group of projects in which selecting one has no bearing on our decision to select another from that group. McBurger Inc., for example, may have the following capital budgeting projects to consider. The first is a new deep fryer for their french fries. A project that is not associated with or dependent on any other project. As a result, funding for an independent initiative is not contingent on another project receiving funds beforehand.
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