When estimating cash flows for capital budgeting purposes,
It is best for the person who generated the investment to do the projections because they will be less objective than a third party.
It is best for the person who generated the investment to do the projections because they will be more objective than a third party.
It is best for the person who generated the investment to do the projections because of their intimate knowledge of the project they will generate more accurate figures.
None of the above