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Imagine you are a small business owner and you are looking to expand your business

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Imagine you are a small business owner and you are looking to expand your business. You could be expanding by adding a second location, adding new services or products, or expanding in some other method of your choice.

1. Describe the business you own and how you are planning to expand.

2. Explain what capital budgeting factors you need to consider to make your expansion successful.

3. What considerations are there when it comes to capital budgeting?

4. How can you be sure you are accounting for all of possible outcomes?