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Kemudian, **Eugene F. Brigham and Joel F. Houston** dalam _Fundamentals of Financial Management_ juga menekankan hal yang sama. Mereka melihat **capital budgeting** sebagai proses perencanaan dan evaluasi investasi jangka panjang. Tapi, mereka juga menyoroti pentingnya mempertimbangkan risiko yang terkait dengan proyek investasi. Proyek dengan risiko lebih tinggi biasanya membutuhkan tingkat keuntungan yang lebih tinggi pula. Ini berarti, bukan hanya potensi keuntungan yang dilihat, tapi juga seberapa besar risiko yang harus ditanggung.
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